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You invest 2,000.00 at a rate of 4% APR for 3 months. How much interest did you earn? a. $80.00 b.40.00 c.20.00 d10.00

You invest 2,000.00 at a rate of 4% APR for 3 months. How much interest did you earn? a. $80.00 b.40.00 c.20.00 d10.00
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1 vote
You invest 2,000.00 at a rate of 4% APR for 3 months. How much interest did you earn?

a. $80.00
b.40.00
c.20.00
d10.00

User VingtCent
by
7.9k points

2 Answers

3 votes

Answer:

Answer is actually 20!

Explanation:

User Duckmayr
by
6.8k points
4 votes
Answer- $2,000 X .04 = $80
User NoDakker
by
8.7k points
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