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An investment offers a simple interest rate of 3% per year.
A lady deposits sh 20000.
If she does not withdraw any money, how much will the
investment be worth after 5 years?
B
sh 20015
sh 21500
sh 22400
sh 23000

Respuesta :

dammyzee

Answer:

sh 23000

Step-by-step explanation:

[tex]i = \frac{prt}{100} = \frac{20000 \times 3 \times 5}{100} = 3000[/tex]

Amount = principal + interest = 20000+3000 = sh 23000

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