How much is compound interest earned on $11,250 principal, with an annual interest rate of 3% compounded annually, over 4 1/2 ye
ars?
compound interest: A = P (1 + r)t
A.$1518.75
B.$1600.50
C.$12,869.55
D.$12,850.50
1 answer:
so in short, the accumulated amount minus the original amount = interest.
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