SOLUTION: If $2000 is invested at 5% per year, how much simple interest is earned in 4 years?

SOLUTION: If $2000 is invested at 5% per year, how much simple interest is earned in 4 years?

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Question 263524: If $2000 is invested at 5% per year, how much simple interest is earned in 4 years?
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
2000(1+.05)^4
2000(1.05)^4
2000*1.2155=$2,431.01 IS THE AMOUNT OF THE INVESTMENT AFTER 4 YEARS.
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