Tiara deposited $10,000 into an account that earned 15% compound interest over 10 years. What is the amount of interest earned a

Question

2 years ago

10

fter 10 years?
A: $15,000
B: $30,455.60
C: $25,000
D: $40,455.60

2 answers:

Lelechka [254] · Answer 1 · 2022-04-22T06:16:25+03:00

4 0

15% of 10,000 is 1,500 and 1,500x10=15,000 meaning Tiara earned $15,000 in interest over 10yrs

Katen [24] · Answer 2 · 2022-04-22T04:14:55+03:00

Katen [24]2 years ago

3 0

Answer:

The final balance is $44,402.15.

The total compound interest is $34,402.15.