Last summer, Dulce was able to save $6,000 from her summer job. She decides to invest this money for 3 years and is offered a simple interest rate of 8%. Determine the accrued interest and the final amount of Dulce’s investment.(1 point)
Responses
The accrued interest is $1,440, and the final amount of the investment is $7,440.
The accrued interest is $1,440, and the final amount of the investment is $7,440. - correct
The accrued interest is $14,400, and the final amount of the investment is $20,440.
The accrued interest is $14,400, and the final amount of the investment is $20,440. - no response given
The accrued interest is $5,400, and the final amount of the investment is $11,400.
The accrued interest is $5,400, and the final amount of the investment is $11,400. - no response given
The accrued interest is $540, and the final amount of the investment is $6,540.
3 answers
The accrued interest is $540, and the final amount of the investment is $6,540. - no response given
choose one from the 4 answers
The answer is:
The accrued interest is $1,440, and the final amount of the investment is $7,440.
The accrued interest is $1,440, and the final amount of the investment is $7,440.