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I GIVE YOU 50 points for this question! 3000 dollars is invested at 5% pa (per year). Simple interest for 4 years. Find the total Amount of interest and value of the investment
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I GIVE YOU 50 points for this question!

3000 dollars is invested at 5% pa (per year). Simple interest for 4 years. Find the total


Amount of interest


and


value of the investment

User That Dave Guy
by
3.4k points

2 Answers

0 votes
3000(1+0.05)^4 put that into your calculator and it will give you the answer
User Peter Lindholm
by
3.7k points
3 votes

Answer:

easy what's 5% of 3000 that's just for one year then multiple it by 4

User Steger
by
3.0k points
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