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11 July, 12:30

How much interest does a $775 investment earn at 7% over eight years

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  1. 11 July, 12:44
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    Answer:$435

    Step-by-step explanation:

    -Put 7% over 100 to create a fraction form

    - Put $775 under the fraction next to the fraction of 7% and 100

    - Multiply 775 by 7 which will give you 5,425 divide 5425 by 100 which will give you the amount of $54.25

    -Multiply $54.25 by eight to represent the years

    -You'll recieve $434.00
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