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If you have $600 and you find an investment that annually yields 3%, how much interest would you earn in 15 years?
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45 votes
45 votes
If you have $600 and you find an investment that annually yields 3%, how much interest would you earn in 15 years?

User Marcel Hansemann
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1 Answer

21 votes
21 votes

Answer:

$270.00 in 15 years

Step-by-step explanation:

3% of $600 = $18.00 annually

$18.00 x 15 years = $270.00 interest earned

User Sam Porch
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3.2k points
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