Solved

The Simple Interest Earned by a Certain Amount of Money

Question 148

Short Answer

The simple interest earned by a certain amount of money varies jointly as the rate of interest and the time (in years) that the money is invested. If the money is invested at 14% for 2 years, $84 is earned. How much is earned if the money is invested at 15% for 4 years? $__________

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions