Question

James makes an investment of $2,000 for 4 years at 3% interest. How much interest would James investment earn him?

Answer 1

$300
$260
$240
answer choices

Answer 2

it was already at the top

Answer 3

y u bump it

Answer 4

does it matter.....

Answer 5

frl

Answer 6

\(\color{#0cbb34}{\text{Originally Posted by}}\) @supie
does it matter.....
\(\color{#0cbb34}{\text{End of Quote}}\)
r u dumb, y would I say sum

Answer 7

it doesnt matter your doing too much

Answer 8

can u just try and answer my question if your gonna view it

Answer 9

\(\color{#0cbb34}{\text{Originally Posted by}}\) @supie
it doesnt matter your doing too much
\(\color{#0cbb34}{\text{End of Quote}}\)
to u

Answer 10

?

Answer 11

ok?

Answer 12

judging by the answer choices, it wants the simple interest

formula:

interest = (principal) * (interest rate, as a decimal) * (time)

in your case, the principal is the initial amount invested ($2000)
the interest rate as a decimal is 0.03
and time is 4 years

plug these into the formula and evaluate interest