Ask Question
15 November, 06:32

Sharon invested $5000 that paid 7.4% simple interest. She had it for 8 years. How much interest did Sharon earn each year?

+4
Answers (1)
  1. 15 November, 06:55
    0
    First you do 5,000 x 0.74 x 8 which is 29,600. Also it is 0.74 bc percent means out of 100, so you do 7.4 divided by 100.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Sharon invested $5000 that paid 7.4% simple interest. She had it for 8 years. How much interest did Sharon earn each year? ...” 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