Question

You invest 10000 that will earn 8.3% every year how much will you earn in 12 years.

Answer 1

$9960 would be earning in 12 years

Explanation:

8.3% of 10,000 is 830

1% of 10,000 is 100

.3 would just be 30

.4 would be 40

etc etc

so 830 times 12(years) is $9960.00

Answer 2

$16034.03

Explanation:

I'm going to assume it's compound interest

10000(1+.083)^12

26034.03

subtract the original amount to find out how much was earned

26034.03-10000=16034.03