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How much interest is earned on a principal of $9.02 invested at an interest rate of 8% for three years?

How much interest is earned on a principal of $9.02 invested at an interest rate of 8% for three years?
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1 vote
How much interest is earned on a principal of $9.02 invested at an interest

rate of 8% for three years?

asked
User Alex Tartan
by
9.3k points

1 Answer

2 votes
To find the simple interest, we multiply 9.02 × 0.08 × 3 to get that: $2.16- answer
answered
User Expiredninja
by
8.0k points
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