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Jose invested $5000 into a fund with an interest rate of 4.8%. How much interest would he earn after 2 years?

Jose invested $5000 into a fund with an interest rate of 4.8%. How much interest would he earn after 2 years?
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Jose invested $5000 into a fund with an interest rate of 4.8%.

How much interest would he earn after 2 years?

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User Scarhand
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8.3k points

1 Answer

3 votes
$5000 × 0.048×2= $480

Answer: $480
answered
User Tomcat
by
6.9k points
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