elsadiego8215 elsadiego8215

17-11-2021
Mathematics

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7

An amount of $12,000 is invested at a simple interest rate of 2.15% for 3 years. What is the total investment after 3 years?

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Starlight56lovecats Starlight56lovecats

17-11-2021

7 An amount of $12,000 is invested at a simple interest rate of 2.15% for 3 years. What is the total investment after 3 years?

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ewomazinoade ewomazinoade

14-04-2022

The total value of the investment after 3 years given the amount invested is $12,774.

What is the total value of the investment?

The total value of the investment is the sum of the amount invested and the interest earned.

The total value of the investment = amount invested + simple interest earned

$12,0000 + (principal x time x interest rate)

$12,000 + (12,000 x 0.0215 x 3) = $12,774

To learn more about interest, please check: https://brainly.com/question/26164549

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