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How much more money is earned on $3,000 invested at 4% interest compounded annually for 20 years than $3,000 invested at a simple interest of 4% for 20 years?
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4 votes
How much more money is earned on $3,000 invested at 4% interest compounded annually for 20 years than $3,000 invested at a simple interest of 4% for 20 years?

User Wug
by
6.8k points

2 Answers

1 vote

Answer:

295

Explanation:

),(;;7(8((75(75

User Ryan Gabbard
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6.6k points
4 votes
2400 is the answer to that question. Your welcome
User Mervzs
by
7.0k points
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