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$10,000 is invested at 0.75% annual interest for 2 years. a. Simple Interest b. Compound Interest

$10,000 is invested at 0.75% annual interest for 2 years. a. Simple Interest b. Compound Interest
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$10,000 is invested at 0.75% annual interest for 2 years.

a. Simple Interest b. Compound Interest

User KakhkAtion
by
7.2k points

1 Answer

5 votes

Answer:

The simple interest is 10,150.00 The compound interest is $10,150.56

Explanation:

User Stefan Sullivan
by
7.7k points
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