Answer:
$32,000
Step-by-step explanation:
Yearly investment = $3,000
Number of years = 20
Investments earned an average of 8 percent a year.
Total invested amount = $3,000 × 20 = $60,000
Current value of investment = $92,000.
We need to find the total earnings on the investment.
Earnings = Current value of investment - Total invested amount
Earnings = $92,000 - $60,000
Earnings = $32,000
Therefore, the total earnings is $32,000.
