Question

How much interest is earned for the investment? $20,000 for 2 years at 5% compounded annually

Answer 1

@John_ES

Answer 2

@laibashahlakhan

Answer 3

plz help

Answer 4

@.Sam. @Mertsj @ganeshie8 @SnuggieLad

can you please help?

Answer 5

\[A=A _{0}(1+\frac{r}{n})^{nt}\]

Answer 6

Use that formula to find the amount at the end of 2 years then subtract $20000 from that answer to find the interest paid.

Answer 7

nvm

Answer 8

Thanks, sir. :) @Mertsj

Answer 9

yw

Answer 10

he did not help at all