Interest (Simple) - Change in Interest from Change in Time (All Values, Relative)

Question

Find the new interest in this simple interest situation.

An investment of $400 earns $384 in simple interest over 8 years at a rate of 12%. How much interest would be earned if the time were tripled, with the principal and rate unchanged?

Accepted Answer

$1,152

Answer

$384

Answer

$128

Answer

$1,068

Interest (Simple) - Change in Interest from Change in Time (All Values, Relative)

Practice:

Interest (Simple) - Change in Interest from Change in Time (All Values, Relative)