Question

Charis invested

$
140
$140. She earned a simple interest of
3
%
3% per year on the initial investment. If no money was added or removed from the investment, what was the amount of interest Charis received at the end of two years?

Answer 1

I believe the answer is $4.20

Answer 2

$8.53

Explanation:

because after 2 years she would have $148.53.