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How much interest is earned on a principal amount of $400 invested at an interest rate of 5% for 3 years

How much interest is earned on a principal amount of $400 invested at an interest rate of 5% for 3 years
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How much interest is earned on a principal amount of $400 invested at an interest rate of 5% for 3 years

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User Rohit Raj
by
7.7k points

1 Answer

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Answer:$63.05

Step-by-step explanation:400*1.05*1.05*1.05=463.05

463.05-400=63.05

answered
User Dahe
by
8.1k points
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