Question

Luis and Arnold did their own car wash during the weekends this past Summer. They made a total of $1,200 together. They decided they were going to invest their money. So they invested in stocks for Tesla. The interest they are making is at 12%. How much money would they earn after 7 years?

Answer 1

Explanation:

Amount they will earn=Principal+Interest

Interest=$1200×0.12×7=$1008

Amount=$(1200+1008)=$2208