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An investment of $2,000 is earning interest at the rate of 6.2% compounded quarterly over 5 years. approximately how much interest is earned on the investment?

An investment of $2,000 is earning interest at the rate of 6.2% compounded quarterly over 5 years. approximately how much interest is earned on the investment?
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An investment of $2,000 is earning interest at the rate of 6.2% compounded quarterly over 5 years. approximately how much interest is earned on the investment?

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User POTENZA
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7.5k points

1 Answer

4 votes
it is 720.37 hope this helps
answered
User Yarim
by
9.5k points
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