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 Jul 9, 2018 25.1k views

3 votes

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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1 vote

He will earn $480 after 2 years

Fobbymaster answered Jul 11, 2018

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3 votes

It would be $480 because if $240 is 4.8% of 5000 just add another $240Hope that helped

Suyash answered Jul 16, 2018

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