lexiemartin2274 lexiemartin2274
  • 06-02-2020
  • Mathematics
contestada

With a simple interest rate of 12%, how much will an investment of $20,000 be worth in 10 years

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bbasty123123 bbasty123123
  • 06-02-2020

Answer:

$24,000

Step-by-step explanation:

If each year you get 12% of interest 20,000 dollars x 0.12 = 1 year worth of interest or $2400 then if its over a 10 year span it would be $2,400 x 10 (amount of years) = $24,000

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Joliannabell087 Joliannabell087
  • 03-04-2020

Answer: $44,000

Step-by-step explanation:

Answer Link

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