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You earn 3% each year on your initial investment amount of $2000. How much interest do you earn after 2 years?
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2 votes
You earn 3% each year on your initial investment amount of $2000. How much interest do you earn after 2 years?

User Jonny Wright
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2 Answers

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and 6% of 2000 is 120
User Burgersmoke
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4 votes

Answer: You earn 6% interest on that the next year.

User Amir Shitrit
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