Solved

How Much Interest Will Be Earned on $8,000 Over a Period

Question 37

Multiple Choice

How much interest will be earned on $8,000 over a period of four months if the interest rate is 6.5%?

A) $7,830.34
B) $173.33
C) $169.66
D) $130.00
E) $26.00

Related Questions

Q32: Marika earned $40.07 interest at 2.5% on

Q33: On April 3 Artie invested $75,000 and

Q34: How much interest could you earn, over

Q35: The bookkeeper for Durham's Garage is trying

Q36: Dalton loaned $550,000 to Doc Holliday on

Q38: What single payment one year from now

Q39: Three payments of $2,000 (originally due six

Q40: The balance after 11 months, including, on

Q41: What annual rate of return would money

Q42: Joyce had $2,149 in her daily interest