Answered

IDNLearn.com: Where your questions meet expert answers and community support. Ask your questions and get detailed, reliable answers from our community of knowledgeable experts.

Phoebe invested $5800 and after one year the investment was worth $6100. How much interest did she receive?

Sagot :

Answer:

Amount of interest received by Phoebe = $300

Step-by-step explanation:

Given:

Amount Phoebe invested = $5,800

Amount Phoebe received after one year = $6,100

Find:

Amount of interest received by Phoebe

Computation:

Amount of interest received by Phoebe = Amount Phoebe received after one year - Amount Phoebe invested

Amount of interest received by Phoebe = 6,100 - 5,800

Amount of interest received by Phoebe = $300

Thank you for participating in our discussion. We value every contribution. Keep sharing knowledge and helping others find the answers they need. Let's create a dynamic and informative learning environment together. Trust IDNLearn.com for all your queries. We appreciate your visit and hope to assist you again soon.