document.write( "Question 609595: How much interest is earned for the investment? \r
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Algebra.Com's Answer #383806 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi
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document.write( "$20,000 for 2 years at 6% compounded 'annually'
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document.write( "In General A = 
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document.write( "A = Accumulated Amount
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document.write( "P= principal = $20,000
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document.write( "r= annual rate = .06
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document.write( "n= periods per year = 1
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document.write( "t= years = 2
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document.write( " A =  = $22,472 
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document.write( "$22,472 - $20,000 = $2,472 earned in Interest \n" );
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