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How much INTEREST would you earn investing $5000 that earns 7% simple annual interest for 3 years?
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1 vote
How much INTEREST would you earn investing $5000 that earns 7% simple annual interest for 3 years?

User Shawn Walton
by
7.0k points

1 Answer

4 votes

Answer:

$1,125.26

Explanation:

Start of Year 1 5000.00

Start of Year 2 5350.00

Start of Year 3 5724.50

Start of Year 4 6125.26

User Supputuri
by
6.4k points
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