How much interest is earned in 2 years on an investment of $2000 The interest rate is 3.?

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2026-03-13 07:20

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To calculate the interest earned on an investment of $2000 at an interest rate of 3% over 2 years, you can use the formula for simple interest: Interest = Principal x Rate x Time. In this case, it would be $2000 x 0.03 x 2 = $120. Therefore, the total interest earned in 2 years is $120.

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