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How much interest is accrued in 4 years on a $20 investment at a simple interest rate of 2.875%?

User Pragnesh
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Final answer:

The interest accrued in 4 years on a $20 investment at a simple interest rate of 2.875% is $2.875.

Step-by-step explanation:

To calculate the interest accrued in 4 years on a $20 investment at a simple interest rate of 2.875%, you can use the formula:

Interest = Principal x Rate x Time

Interest = $20 x 2.875% x 4 years

Interest = $2.875

Therefore, the interest accrued in 4 years would be $2.875.

User Cyprian
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