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How much more interest is earned on an investment of $12,585 at 3.5% interest over 5 years if the interest is compounded annually rather than earning simple interest?

How much more interest is earned on an investment of $12,585 at 3.5% interest over 5 years if the interest is compounded annually rather than earning simple interest?
asked 159k views
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How much more interest is earned on an investment of $12,585 at 3.5% interest over 5 years if the interest is compounded annually rather than earning simple interest?

asked
User AndyDunn
by
6.9k points

2 Answers

0 votes

Answer: the answer is $159.65

Explanation:

answered
User Gautamrk
by
8.0k points
3 votes

Answer:

It is B.$159.65


Explanation:

I got it the test

answered
User Paul Sturm
by
7.7k points
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