You invest $2,000.00 at a rate of 4% APR for a 3 months. How much interest did you earn?
2 answers:
Answer:
1.a
2.c
3.c
4.b
100% brainless please
<span>1) If you invest $2,000.00 at a rate of 4% APR for 3 months and the interest is compounded monthly then in 3 months.It will be worth $2,020.07. So subtracting $2,000 from $ 2,020.07 we get. <span>$20.07 2) </span></span><span>I = Prt </span> <span>I = 4,000 * 0.05 </span> <span>I = $200 </span><span>200 / 10 = 20 hours of work </span>
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