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11 September, 05:35

Morgan has an investment worth $30,000 dollars invested at 5% simple

interest. If no withdrawals or deposits were made, what is the balance

after 20 years?

O

$50,000

O

$45.000

$60,000

O

$80,000

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Answers (2)
  1. 11 September, 07:00
    0
    in 20 years there would be 60,000

    Step-by-step explanation:

    So there is $3655.21 in the account after 4 years (where $3000 is invested at an interest rate of 5% each year and it's compounded semiannually).
  2. 11 September, 07:08
    0
    it is the one with 60,000
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