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4 years ago

7

What is the interest earned on $400 invested at the rate of 6% for one year? Type a numerical answer in the space provided. Do n

ot type spaces in your answer.

2 answers:

liubo4ka [24]4 years ago

6 0

Amount of Interest Earned-$400
--add 6% growth rate
$424 is the Interest Earned in ONE Year.

brilliants [131]4 years ago

3 0

The interest earned on $400 at 6% would make it $424 so I would guess the interest earned on year one would be $24

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Read 2 more answers