How much more interest is earned on an investment of $12,585 at 3.5% interest over 5 years if the interest is compounded annually rather than earning simple interest?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Sep 3, 2017 159k views

3 votes

How much more interest is earned on an investment of $12,585 at 3.5% interest over 5 years if the interest is compounded annually rather than earning simple interest?

Mathematics
high-school

AndyDunn asked

by AndyDunn

6.9k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

0 votes

Answer: the answer is $159.65

Explanation:

Gautamrk answered Sep 5, 2017

by Gautamrk

8.0k points

0 Comments

Please log in or register to add a comment.

3 votes

Answer:

It is B.$159.65

Explanation:

I got it the test

Paul Sturm answered Sep 9, 2017

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

0 Comments

Please log in or register to add a comment.

0 Comments

Please log in or register to add a comment.

Related questions

Other Questions