. Michelle invested 5000 pesos in mutual fund with the interest rate of 4.8%. How much hterest would she earn after 2 years? A, 380 В. 280 С. 480 D. 980

Essentials of Business Analytics (MindTap Course List)
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ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
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Chapter2: Descriptive Statistics
Section: Chapter Questions
Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...
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2. Michelle invested 5000 pesos in mutual fund with the interest rate of 4.8%. How much
interest would she earn after 2 years?
А. 380
В. 280
С. 480
D. 980
Transcribed Image Text:2. Michelle invested 5000 pesos in mutual fund with the interest rate of 4.8%. How much interest would she earn after 2 years? А. 380 В. 280 С. 480 D. 980
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