you invested $800 for 2 years at an interest rate of 4.5%. What was the interest earned on your investment?

Question

2 years ago

15

1 answer:

Korolek [52] · Answer 1 · 2022-11-16T21:07:12+03:00

8 0

Answer:

$72

Step-by-step explanation:

Interest = Principal(Rate)(Time)/100

Interest = $800(2)(4.5)/100

Interest = 7200/100

Interest = $72 (Answer)

you ﻿invested ﻿$800 ﻿for ﻿2 ﻿years ﻿at ﻿an ﻿interest ﻿rate ﻿of ﻿ 4.5%. ﻿What ﻿was ﻿the ﻿interest ﻿earned ﻿on ﻿your ﻿investment?