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Charis invested $140. She earned a simple interest of 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?

Guest Dec 15, 2017

Best Answer 

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$140 x 3% =

$140 x 3/100 =

$140 x 0.03 =$4.20 - simple interest for 1 year.

$4.2 x 2 =$8.40 - simple interest for 2 years. 

Guest Dec 15, 2017
edited by Guest  Dec 15, 2017
 #1
avatar
0
Best Answer

$140 x 3% =

$140 x 3/100 =

$140 x 0.03 =$4.20 - simple interest for 1 year.

$4.2 x 2 =$8.40 - simple interest for 2 years. 

Guest Dec 15, 2017
edited by Guest  Dec 15, 2017

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