Find the simple interest if you invest $568 at 16% for 8 months.

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22-01-2021
Mathematics

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Find the simple interest if you invest $568 at 16% for 8 months.

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Sashaaldaz Sashaaldaz · Answer 1 · 2021-01-22T23:16:10+01:00

Sashaaldaz Sashaaldaz

22-01-2021

Ello! The answer is $60.59, because if you do

568x 0.16x 0.666667 = 60.58669696

Now, you obviously can’t type out all those numbers so you simplify which gets you 60.59!

I hope this helps you! :)

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