You invest $2,000.00 at a rate of 4% APR for a 3 months. How much interest did you earn?

Mathematics

2 answers:

Firlakuza [10]2 years ago

7 0

Answer:

1.a

2.c

3.c

4.b

100% brainless please

Naya [18.7K]2 years ago

4 0

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.
$20.07

2) I = Prt 
I = 4,000 * 0.05 
I = $200

200 / 10 = 20 hours of work

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