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An amount of 4,000 is invested. The interest rate is 2%. What is the amount earned in 5 years?

An amount of 4,000 is invested. The interest rate is 2%. What is the amount earned in 5 years?
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4 votes
An amount of 4,000 is invested. The interest rate is 2%. What is the amount earned in 5 years?

User Logankilpatrick
by
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2 Answers

3 votes

Answer:

80

Explanation:

User Heap
by
7.5k points
3 votes

4,000 x 0.02 = 80 so 80 dollars earned in one year

User Josh Rumbut
by
7.4k points
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