contestada

​Anthony has $60,000 in a savings account that earns
7%
interest per year. The interest is not compounded. How much will he have in 8 months?

Respuesta :

he should have gained 2800 so the answer should be $62800
MoSikder
If it's not compound interest then, the answer can be found using the following sum
60 000 X 0.07 X 8/12= 3150

Therefore interest earnt after 8 monts= 2772
 Sum Total earnt after 8 months= 62 772

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