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Charlie invested $12,000 into an account that pays 5% simple interest. Charlie will not make any additional deposits or withdrawals. How much interest will Charlie earn on his i…

Charlie invested $12,000 into an account that pays 5% simple interest. Charlie will not make any additional deposits or withdrawals. How much interest will Charlie earn on his i…
asked 196k views
4 votes
Charlie invested $12,000 into an

account that pays 5% simple
interest. Charlie will not make any
additional deposits or
withdrawals. How much interest
will Charlie earn on his investment
at the end of 3 years?

asked
User Danyhow
by
9.1k points

2 Answers

4 votes

Answer:

1800

Explanation:

answered
User Martin Schilliger
by
7.1k points
4 votes

Answer:

$1800

Explanation:

12000(1+0.05x 3)

= 13800

13800 - 12000

$1800

answered
User Paul Filch
by
8.0k points
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