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Yan3tyannahinfr
Yan3tyannahinfr Yan3tyannahinfr
  • 06-05-2016
  • Social Studies
Answered

Cameron has decided to diversify his investment in the following way: how much total interest will Cameron earn on his investment at the end of 3 years?

Verified Answer :

andriansp andriansp
  • 12-05-2016

The total interest that will Cameron earn will be equivalent  to the multiplication of his total account , the interest.rate, and total years of his investment

For example :
if Cameron has $3,000 in account earning with 2.7 % simple interest rate,

at the end of 3 years, his total interest would be :
 3 x 2.7 % x $
3,000 = $243

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