The interest that Liam will earn at the end of six months can be calculated using the formula:
Interest = Principal x Rate x Time
Where:
Principal = $800
Rate = 2% (or 0.02 as a decimal)
Time = 6 months (or 0.5 years)
Plugging in these values, we get:
Interest = $800 x 0.02 x 0.5
Interest = $<<800*0.02*0.5=8>>8
Therefore, Liam will earn $8 in interest at the end of six months.
liam puts $800 in a savings account at an annual interest rate of 2%. if liam does not withdraw or deposit any money, what is the interest that liam will earn at the end of six months?
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