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Yolanda invested $2,000 in a US Treasury Note that pays 5% simple interest per year. How much interest did Yolanda earn after 3 years if she does not cash in her note?

Yolanda invested $2,000 in a US Treasury Note that pays 5% simple interest per year. How much interest did Yolanda earn after 3 years if she does not cash in her note?
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Yolanda invested $2,000 in a US Treasury Note that pays 5% simple interest per year. How much interest did Yolanda earn after 3 years if she does not cash in her note?

User StackErr
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1 Answer

7 votes
I believe it is 2000*0.05(the interest rate)*3(the number of years)
User Madhu Bhat
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