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Asap help !! How much additional interest is earned if $8000 is invested for 7 years at 6.5% when interest is compounded annually, as compared with simple interest paid at the same rate?
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2 votes
Asap help !!

How much additional interest is earned if $8000 is invested for 7 years at 6.5% when
interest is compounded annually, as compared with simple interest paid at the same
rate?

User Chvanikoff
by
5.9k points

1 Answer

3 votes

Answer:

put it in a calculator, 8,000 times whatever number u need

User Tom Scrace
by
4.2k points
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