Ask Question
Yesterday, 20:10

An amount of $8,000 is invested at a simple interest rate of 1.5%. What is the total amount after three years?

+3
Answers (2)
  1. C
    Yesterday, 21:45
    0
    If you're looking for the interest the answer would be:

    i=8,000*.015*3

    i=360.

    The interest would be $360 dollars.

    The balance would be 8,000+360 = $8,360
  2. H
    Yesterday, 22:32
    0
    You do $8000 (1.50) ^3

    with 3 being the amount of years. which ends up being $27,000 after three years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An amount of $8,000 is invested at a simple interest rate of 1.5%. What is the total amount after three years? ...” 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
Sign In
Ask Question