Interest (Simple) - Change in Interest from Change in Time (Missing Other Value, Relative)

Question

Find the new interest in this simple interest situation.

An investment of $800 earns $120 in simple interest over 3 years. How much interest would be earned if the time were reduced to a third, with the principal and rate unchanged?

Accepted Answer

$40

Answer

$33

Answer

$120

Answer

$360

Interest (Simple) - Change in Interest from Change in Time (Missing Other Value, Relative)

Practice:

Interest (Simple) - Change in Interest from Change in Time (Missing Other Value, Relative)