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Find the amount of interest earned on $5,000 at 15% compounded annually for 10 years. (Round your answer to the nearest dollar.)

Find the amount of interest earned on $5,000 at 15% compounded annually for 10 years. (Round your answer to the nearest dollar.)
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2 votes
Find the amount of interest earned on $5,000 at 15% compounded annually for 10 years. (Round your answer to the nearest dollar.)

User Alex Beggs
by
8.1k points

1 Answer

6 votes

Answer:

$7500

Explanation:

I=PRT

=5,000×0.15×10

User Wael Boutglay
by
8.7k points
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