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? a. They are the same. b. $159.65 c. $2,362.03 d. $12,744.65
2 answers:
Answer:
The answer is c because your total account is $12,585 * 1.035^5=14947. Subtracting the original amount, you get 2362.03 total interest.
Hope the explanation is right.
Answer:
b
Step-by-step explanation:
with compounded interest is 14,947.03
simple interest is 14,787.37
14,947.03—14,787.37=159.65
you're looking for the difference between compounded and simple
You might be interested in
Answer:
it is d inverse
Step-by-step explanation:
The first one because it’s (13(31)
B. triangle ABC is isosceles. The angles add up 180 degrees.
use photo math For that Problem It would work Mate.
Answer:
Its a Translation because all they did with it was move it. It never changed size or shape.
Step-by-step explanation:
