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Morgan has an investment worth $30,000 dollars invested at 5% simple interest. If no withdrawals or deposits were made, what is the balance after 20 years?

Morgan has an investment worth $30,000 dollars invested at 5% simple interest. If no withdrawals or deposits were made, what is the balance after 20 years?
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5 votes
Morgan has an investment worth $30,000 dollars invested at 5% simple interest. If no withdrawals or deposits were made, what is the balance after 20 years?

asked
User A New Chicken
by
7.9k points

1 Answer

5 votes

Answer:50,000

Explanation:

answered
User Andrio
by
8.8k points
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