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OpenStudy (anonymous):
How much interest is earned for the investment? $20,000 for 2 years at 6% compounded annually
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OpenStudy (anonymous):
@ccooll
OpenStudy (anonymous):
@geneticrockhopper247
OpenStudy (anonymous):
I=Prt
OpenStudy (anonymous):
what
OpenStudy (lacypennelll):
20000 * 2 * 0.06 = 2400 Therefor $2400 the first year, 22400 22400 * 2 * 0.06 = 2688 Therefor $2688 the second, 25088 Total interest equals $5088 Total amount = $25088 ._.
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