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:

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A governmental body with the power to make, amend, and repeal laws within a certain jurisdiction.

Eurocentric

A viewpoint that emphasizes Western civilization and the importance of European culture and history at the expense of those from other continents.

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A French-speaking Savoyard philosopher and diplomat, best known for his defense of monarchism and his views on the role of the Catholic Church within society during the post-Revolutionary era.