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16 January, 06:27

Cameron has decided to diversify his investment in the following way: how much total interest will Cameron earn on his investment at the end of 3 years?

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  1. 16 January, 07:46
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    The total interest that will Cameron earn will be equivalent to the multiplication of his total account, the interest. rate, and total years of his investment

    For example:

    if Cameron has $3,000 in account earning with 2.7 % simple interest rate,

    at the end of 3 years, his total interest would be:

    3 x 2.7 % x $ 3,000 = $243
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