How much more interest would you get in 3 years from 16% compounded quarterly compared to 16% simple interest on a $5900 deposit?

Idealmind asked Jul 13, 2022

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42 votes

How much more interest would you get in

3 years from 16% compounded quarterly
compared to 16% simple interest on a
$5900 deposit?

Idealmind asked Jul 13, 2022

3.0k points

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24 votes

Answer:

944

Explanation:

Michael Grazebrook answered Jul 20, 2022

3.6k points

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