Ask Question
9 April, 01:38

Katherine invested $140. she earned a simple interest of 4% per year on the initial investment. If no money was added or removed from the investment what was the amount of interst katherine received at the end of two years?

+4
Answers (1)
  1. 9 April, 04:07
    0
    Interest per year = 4% x $140 = $5.60

    Interest for 2 years = $5.60 x 2 = $11.20

    Total amount at the end of 2 years = $11.20 + $140 = $151.20

    Answer: $151.20
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Katherine invested $140. she earned a simple interest of 4% per year on the initial investment. If no money was added or removed from the ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers