Calculate the Amount of Simple Interest Earned. ​

question 109

Multiple Choice

Calculate the amount of simple interest earned. ​
$1,000 at 8% for 3 years
​

• A) $240
• B) $2,400
• C) $3,000
• D) $80
• E) $4,800

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Definitions:

Excessive Daytime Sleepiness

A condition characterized by persistent sleepiness and often a lack of energy during the day, even after adequate nighttime sleep.

Insomnia

A sleep disorder characterized by difficulty falling or staying asleep, affecting daytime functioning and quality of life.

Unconscious Thought Theory

A theory suggesting that complex decisions can be better handled by the unconscious mind.

Consciousness

The state of being aware of and able to think about one's surroundings, sensations, and thoughts.