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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asked Apr 15, 2021 196k views

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?

Mathematics
high-school

Danyhow asked

by Danyhow

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2 Answers

4 votes

Answer:

1800

Explanation:

Martin Schilliger answered Apr 17, 2021

by Martin Schilliger

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4 votes

Answer:

$1800

Explanation:

12000(1+0.05x 3)

= 13800

13800 - 12000

$1800

Paul Filch answered Apr 19, 2021

by Paul Filch

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