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how much intrest does a $775 investment earn at 1.47% over 8 years

Sagot :

  • P=$775
  • R=1.47%
  • T=8years

[tex]\\ \sf\longmapsto I=\dfrac{PRT}{100}[/tex]

[tex]\\ \sf\longmapsto I=\dfrac{775(1.47)(8)}{100}[/tex]

[tex]\\ \sf\longmapsto I=\dfrac{9114}{100}[/tex]

[tex]\\ \sf\longmapsto I=91.14[/tex]

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Answer:

91.14  $

Step-by-step explanation:

We know,

Interest = Principle× Rate of Interest× Time

or, 775× 1.47/100× 8

or, 91.14

Therefore, Interest is 91.14 $.

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