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How much INTEREST would an investment of $5000 earn if it has an interest rate of 6% and is invested for 20 years?

How much INTEREST would an investment of $5000 earn if it has an interest rate of 6% and is invested for 20 years?
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16 votes
How much INTEREST would an investment of $5000 earn if it has an interest rate of 6% and is invested for 20 years?

User Pmuens
by
8.1k points

1 Answer

6 votes

Answer:

$6000

Explanation:

5000 times .06 = 300

300 times 20 = 6000

User Alen Alex
by
8.4k points
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