Charis invested $140. She earned a simple interest of 3% per year on the initial investment. If no money was added or removed from the investment, what was the amount of interest Charis received at the end of two years? $4.20 $6.00 $8.40 $12.60

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
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Charis invested $140. She earned a simple interest of 3% per year on initial investment. If no money was added or removed from the investment, what was the amount of investment Charis received at the end of two years?
Charis invested $140. She earned a simple interest of 3% per year on the initial investment. If no
money was added or removed from the investment, what was the amount of interest Charis
received at the end of two years?
$4.20
$6.00
$8.40
$12.60
Transcribed Image Text:Charis invested $140. She earned a simple interest of 3% per year on the initial investment. If no money was added or removed from the investment, what was the amount of interest Charis received at the end of two years? $4.20 $6.00 $8.40 $12.60
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