Answer:
Amount of interest received by Phoebe = $300
Step-by-step explanation:
Given:
Amount Phoebe invested = $5,800
Amount Phoebe received after one year = $6,100
Find:
Amount of interest received by Phoebe
Computation:
Amount of interest received by Phoebe = Amount Phoebe received after one year - Amount Phoebe invested
Amount of interest received by Phoebe = 6,100 - 5,800
Amount of interest received by Phoebe = $300
