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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?
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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?

User AndyDunn
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2 Answers

0 votes

Answer: the answer is $159.65

Explanation:

User Gautamrk
by
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3 votes

Answer:

It is B.$159.65


Explanation:

I got it the test

User Paul Sturm
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