Question

Edgar invested money as shown in the table below.

How much interest will Edgar earn at the end of year 2?

$480
$8000
$280
$240

Answer 1

Answer:

$480

Step-by-step explanation:

I=PRT÷100

P=4000

R=6%

T=2yrs

I=4000x6x2 ÷100

I=$480