Solved

How Much Interest Will Be Earned on $8000 Over a Period

Question 158

Multiple Choice

How much interest will be earned on $8000 over a period of four months if the interest rate is 6.5%?

A) $7830.34
B) $173.33
C) $169.66
D) $130.00
E) $26.00

Related Questions

Q149: If $20,000 was invested 82 days ago

Q150: What payment, 174 days from now, is

Q151: The interest rate on an $859.50 debt

Q152: A $25,000 investment earned 1.1% per month

Q153: How much interest would one earn over

Q154: What amount should be accepted as equivalent,

Q155: Umberto borrowed $7500 from Delores on November

Q156: Calculate the equivalent value of the scheduled

Q157: What amount, seven months from now, is

Q159: What amount on January 23 is equivalent