Jose invested $5000 into a fund with an interest rate of 4.8%. How much interest would he earn after 2 years? A) $240 B) $24,000 C) $480 D) $48,000

asked Jun 18, 2018 234k views

1 vote

Jose invested $5000 into a fund with an interest rate of 4.8%.

How much interest would he earn after 2 years?
A) $240
B) $24,000
C) $480
D) $48,000

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6 votes

C) 480 (I️=5000 x .048 x 2)

Vanz answered Jun 24, 2018

by Vanz

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