SOLUTION: Bonnie invested $8000 for 6 years in a savings account paying simple interest with a yearly interest rate of 1.5%. How much simple interest did she earn?
A. $12
B. $72
C. $120
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-> SOLUTION: Bonnie invested $8000 for 6 years in a savings account paying simple interest with a yearly interest rate of 1.5%. How much simple interest did she earn?
A. $12
B. $72
C. $120
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Question 1132044: Bonnie invested $8000 for 6 years in a savings account paying simple interest with a yearly interest rate of 1.5%. How much simple interest did she earn?
A. $12
B. $72
C. $120
D. $720 Answer by MathLover1(20849) (Show Source):
you can turn a percentage into a decimal that you can multiply with by moving the decimal point 2 places to the left.
so
Bonnie earned $
your answer is D. $
