Question

Mr. Curry puts $5,500 in an investment account that offers 8% interest compounded annually. He makes no additional deposits or withdrawals. Which amount is closest to the amount of interest Mr. Curry will have earned at the end of 15 years?

A
$11,946.93

B
$12,100.00

C
$6,600.00

D
$698.27

Answer 1

B.$12,100.00

Explanation:

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