ryliethomas8 ryliethomas8

Today at 7:15 AM
Mathematics

Answered

Larry wishes to invest $1500. he can invest in an investment club which pays simple interest of 8% for 3 years. what is the amount in his account after three years?

A. $1830

B. $1860

C. $5024

D. $1524

Answer :

mimamguliyev mimamguliyev

Today at 7:19 AM

First of all we have to find 8% of $1500
1500x8/100=120
Then, 120x3=360
After, 360+1500=1860
Answer is B. $1860

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