You have invested $2000 at 3.75% annual interest.
How much money do you have after 20 years?

$3500

Step-by-step explanation:

Let's use PRT/100 to see what will be the total amount.

Total amount = Interest + Principle

Solution:

PRT/100 = Interest=> 2000 x 3.75 x 20 years/100=> 20 x 3.75 x 20 = Interest=> 2 x 2 x 375 = Interest=> 4 x 375 = Interest=> 1500 = Interest=> Total amount = 1500 + 2000=> Total amount = $3500

Hence, after 20 years, the amount earned is $3500.

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