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How much interest is earned in 2 years on an investment of $2,000? The interest rate is 3%. Use the formula I=Prt.

How much interest is earned in 2 years on an investment of $2,000? The interest rate is 3%. Use the formula I=Prt.
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1 vote
How much interest is earned in 2 years on an investment of $2,000? The interest rate is 3%. Use the formula I=Prt.

asked
User Yinyin
by
8.4k points

1 Answer

5 votes

Answer:

I = $ 120.00

Explanation:

I = 2000 × 0.03 × 2 = 120

answered
User Joel Truher
by
8.5k points
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