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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? A) $240 B) $24,000 C) $480 D) $48,000

Jose invested $5000 into a fund with an interest rate of 4.8%. How much interest would he earn after 2 years? A) $240 B) $24,000 C) $480 D) $48,000
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1 vote
Jose invested $5000 into a fund with an interest rate of 4.8%.

How much interest would he earn after 2 years?
A) $240
B) $24,000
C) $480
D) $48,000

asked
User Dappawit
by
7.7k points

1 Answer

6 votes
C) 480 (I️=5000 x .048 x 2)
answered
User Vanz
by
8.7k points
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