You invest $⁢5,000 in a bond that pays a fixed annual interest rate of 4% How much interest will you earn in one year? Simple interest formula: I=P⋅r⋅t

Name: Revolt
Rating: 4.5 (1200 reviews)

Question

Revolt · Accepted Answer

200 dollars

Investments - Test Test

You invest $⁢5,000 in a bond that pays a fixed annual interest rate of 4% How much interest will you earn in one year? Simple interest formula: I=P⋅r⋅t

More from this Course