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

asked Mar 10, 2022 225k views

3 votes

How much more interest would you get in

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

8.1k points

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3 votes

Answer:

944

Explanation:

Yiling answered Mar 14, 2022