Question

Larry wishes to invest $1500. he can invest in an investment club which pays simple interest of 8% for 3 years. what is the amount in his account after three years?
A. $1830

B. $1860

C. $5024

D. $1524

Answer 1

First of all we have to find 8% of $1500
1500x8/100=120
Then, 120x3=360
After, 360+1500=1860
Answer is B. $1860