SOLUTION: What is the interest earned on $24,000 at 5% for 3 years?

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Question 1193337: What is the interest earned on $24,000 at 5% for 3 years?
Answer by ikleyn(52784) About Me  (Show Source):
You can put this solution on YOUR website!
.

The (simple) interest is the product 24000*0.05*3.

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To see many other similar  (and different)  solved problems on simple interest accounts,  look into the lesson
    - Simple interest percentage problems
in this site.


Learn the subject from there.