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Charlie invested $12,000 into an account that pays 5% simple interest. Charlie will not make any additional deposits or withdrawals. How much interest will Charlie earn on his investment at the end of
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4 votes
Charlie invested $12,000 into an

account that pays 5% simple
interest. Charlie will not make any
additional deposits or
withdrawals. How much interest
will Charlie earn on his investment
at the end of 3 years?

User Danyhow
by
7.3k points

2 Answers

4 votes

Answer:

1800

Explanation:

User Martin Schilliger
by
5.8k points
4 votes

Answer:

$1800

Explanation:

12000(1+0.05x 3)

= 13800

13800 - 12000

$1800

User Paul Filch
by
6.5k points
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