Question

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?

Answer 1

1800

Explanation:

Answer 2

$1800

Explanation:

12000(1+0.05x 3)

= 13800

13800 - 12000

$1800