3 years ago

What interest does $ 48,000 produce, placing at 5% simple annual interest, for 3 years?

Mathematics

2 answers:

ASHA 777 [7]3 years ago

4 0

Answer:

7,200

Step-by-step explanation:

Simply multiply 48,000 by .05, which equals 5%, and multiply that answer by 3, the amount of years.

sammy [17]3 years ago

3 0

Answer: 7,200

Step-by-step explanation:

5% of 48000 is 2400 so 3 x 2400 is 7200

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