What interest does $ 48,000 produce, placing at 5% simple annual interest, for 3 years?

asked Jul 6, 2021 174k views

4 votes

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4 votes

Answer: 7,200

Explanation:

5% of 48000 is 2400 so 3 x 2400 is 7200

Jef Patat answered Jul 7, 2021

3.9k points

1 vote

Answer:

7,200

Explanation:

Simply multiply 48,000 by .05, which equals 5%, and multiply that answer by 3, the amount of years.

Dorr answered Jul 11, 2021

by Dorr

4.3k points

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