Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate the amount of interest earned by investing $4,000 for 6 months at a simple interest rate of 0.40% p.m.: $1,152.00 $8.00 $96.00 $4,096.00
Calculate the amount of interest earned by investing $4,000 for 6 months at a simple interest rate of 0.40% p.m.:
$1,152.00
$8.00
$96.00
$4,096.00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started