If $2000 is invested at an annual simple interest rate of 4% for 3 years, what is the total interest earned?
اگر 2000$ تین سال کے لیے %4 کی سالانہ سادہ سود کی شرح پر لگایا جاتا ہے، تو حاصل ہونے والا کل سود کیا ہے؟
Answer: $240
Explanation
The interest earned per year is $2000 x 4% = $80.
Since the investment is for 3 years.
The total interest earned is $80 x 3 = $240.
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