Question

I GIVE YOU 50 points for this question!



3000 dollars is invested at 5% pa (per year). Simple interest for 4 years. Find the total


Amount of interest


and


value of the investment

Answer 1

Answer:

easy what's 5% of 3000 that's just for one year then multiple it by 4

Answer 2

3000(1+0.05)^4 put that into your calculator and it will give you the answer