Katy invests $8000 at a rate of simple interest of 6% per year for a period of 3 months.What is the interest she earns?
Answers
Answered by
3
Answer:
Step-by-step explanation:
WE KNOW S.I = P × R × T \ 1OO
8OOO × 6 × 3 \ 1OO
$144O IS INTEREST ( ANS)
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Answered by
0
Answer:
$1440
Step-by-step explanation:
P X R X T
=$8000 X 6%(SO 6/100) X 3 MONTHS
=$80 X 6 X 3 / 100
=$1440
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