How much simple interest would Mr. Orneals make if he invested $700 over 2 years at 8% interest.
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How much simple interest would Mr. Orneals make if he invested $700 over 2 years at 8% interest.
We don't do your homework here. You post your attempt and then we will help you.
$112
Do you know how to calculate percent?
Mr. Omeals has $700 he's investing at 8% for 2 years.
What would the equation be to figure out one year of interest?
Post your work and we'll critique it, but the rules of this site are clear, we do not do homework, and we don not provide answers. We'll look over your work, but you have to do the work.
The formula for interest is:
Interest = Principal times Rate times Time
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