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

Question

hichkok12 [17]

3 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] · Answer 1 · 2022-06-13T10:07:42+03:00

Alex787 [66]3 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] · Answer 2 · 2022-06-13T11:56:43+03:00

mariarad [96]3 years ago

3 0

It is B. $159.65

I got it in the test