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You invested $1,400 in an account that pays 5 percent simple interest. how much more could you have earned over a 20-year period if the interest had compounded annually?

You invested $1,400 in an account that pays 5 percent simple interest. how much more could you have earned over a 20-year period if the interest had compounded annually?
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You invested $1,400 in an account that pays 5 percent simple interest. how much more could you have earned over a 20-year period if the interest had compounded annually?

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User Grebenyuksv
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8.4k points

1 Answer

4 votes
1000000000000000p00000
answered
User HellCatVN
by
8.3k points
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