Answer :
Answer:
What Peter did wrong was that he should have multiplied 275 by 0.08 and 12, not 0.8 and 12. The correct amount of interest he will earn is $264.
Answer:
What Peter did wrong was that he should have multiplied 275 by 0.08 and 12, not 0.8 and 12. The correct amount of interest he will earn is $264.