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Calculate the amount of interest earned on a $2,000 investment made for 2 years at 3% p.a..

Calculate the amount of interest earned on a $2,000 investment made for 2 years at 3% p.a..
asked 69.2k views
4 votes
Calculate the amount of interest earned on a $2,000 investment made for 2 years at 3% p.a..

asked
User Elvi
by
8.4k points

1 Answer

5 votes
PxRxT
=$2,000 x 3% (0.03)
=$60 x 2 years
=$120
The answer is $120
answered
User Arocks
by
8.2k points
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