You invest $1,000 into a start up company at a 3% annual interest rate for 20 years. How much interest do you earn?

Yandros asked Apr 19, 2022

184,496 views

15 votes

Yandros asked Apr 19, 2022

2.5k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

25 votes

Answer:

600

Explanation:

? = 1000 x .03 x 20

the 1000 is the original amount

the .03 is the percent/interest

the 20 is the time

SerenityNow answered Apr 25, 2022

3.1k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers