How much interest would you earn for 8months on 1500.00 at 6 percent?

To calculate the interest earned on $1,500 at a 6% annual interest rate for 8 months, you can use the formula: Interest = Principal × Rate × Time. Here, Time is expressed in years, so 8 months is approximately 8/12 or 2/3 years. Thus, the interest would be: $1,500 × 0.06 × (8/12) = $60. Therefore, you would earn $60 in interest over 8 months.