Problema Solution
if you invest $1000 at a rate of 4.8%, what is the amount after 3 years
Answer provided by our tutors
if you invest $1000 at a rate of 4.8%, what is the amount after 3 years
I = Prt
= 1000 (0.048)(3)
= 144
Amount = 1000 + 144 = 1144