tanvule80 tanvule80

16-06-2021
Mathematics

contestada

HELP? You put $1000 into an investment yielding 6% annual interest; you left the
money in for two years. How much interest do you get at the end of those
two years?

Respuesta :

clarch19 clarch19

16-06-2021

Answer:

$120

Step-by-step explanation:

as long as the interest is not being compounded, use the simple interest formula of:

Interest = Principal x Interest Rate x Time (in years)

I = 1000(.06)(2)

I = 120

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