Ask Question
2 November, 06:05

328 dollars invested at 5% for 3 years

+4
Answers (1)
  1. 2 November, 07:24
    0
    1) if it's a normal interest it gives a yearly interest of 328x0.05 = $16.4 / yearly

    2) if it's a compound interest, the final total amount will be:

    A = 328 (1+0.05) ³ = $379.701

    the interest gained = = > 379.701-328 = 51.701
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “328 dollars invested at 5% for 3 years ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers