Answered

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Phoebe invested $5800 and after one year the investment was worth $6100. How much interest did she receive?

Sagot :

Answer:

Amount of interest received by Phoebe = $300

Step-by-step explanation:

Given:

Amount Phoebe invested = $5,800

Amount Phoebe received after one year = $6,100

Find:

Amount of interest received by Phoebe

Computation:

Amount of interest received by Phoebe = Amount Phoebe received after one year - Amount Phoebe invested

Amount of interest received by Phoebe = 6,100 - 5,800

Amount of interest received by Phoebe = $300

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