Interest (Simple) - Change in Interest from Change in Principal (All Values, Absolute)

Question

Find the new interest in this simple interest situation.

An investment of $2,200 earns $880 in simple interest over 5 years at a rate of 8%. How much interest would be earned if the principal were $8,800, with the rate and time unchanged?

Accepted Answer

$3,520

Answer

$220

Answer

$880

Answer

$4,146

Interest (Simple) - Change in Interest from Change in Principal (All Values, Absolute)

Practice:

Interest (Simple) - Change in Interest from Change in Principal (All Values, Absolute)