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hichkok12 [17]
2 years ago
7

How much more interest is earned on an investment of $12,585 at 3.5% interest over 5 years if the interest is compounded annuall

y rather than earning simple interest?
History
2 answers:
Alex787 [66]2 years ago
8 0
<span>On an investment of $12,585 at 3.5% interest over 5 years, if the interest is compounded annually rather than earning simple interest you would get $243.98 more. Thank you for posting your question here at brainly. I hope the answer will help you. </span>
mariarad [96]2 years ago
3 0

It is B. $159.65

I got it in the test

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