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Mcke7rsandabro Mcke7rsandabro
  • 29-01-2017
  • Mathematics
Answered

How much interest is earned in 2 years on an investment of $2000 the interest rate is 3%?

Verified Answer :

niamhcaley
niamhcaley niamhcaley
  • 29-01-2017

2000/100 = 20 x 3 = 60 + 2000 = 2060/100 = 20.60 x 3 = 61.80 + 2060 = 2121.8

the interest earned in 2 years is $121.80

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