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How much compound interest is earned on $24,500 principal, with an annual interest rate of 5% compounded annually, over years? compound interest: I = P (1 + r)t A. $30,62.50 B. $2767.82 C. $27,562.50 D.
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How much compound interest is earned on $24,500 principal, with an annual interest rate of 5% compounded annually, over years? compound interest: I = P (1 + r)t A. $30,62.50 B. $2767.82 C. $27,562.50 D. $3178.29

User Ron Davis
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It is C. Hope this helps. LOL
User Boxofrats
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