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How much more interest would you get in 3 years from 16% compounded quarterly compared to 16% simple interest on a $5900 deposit?

How much more interest would you get in 3 years from 16% compounded quarterly compared to 16% simple interest on a $5900 deposit?
asked 225k views
3 votes
How much more interest would you get in

3 years from 16% compounded quarterly
compared to 16% simple interest on a
$5900 deposit?

asked
User Aracelys
by
8.1k points

1 Answer

3 votes

Answer:

944

Explanation:

answered
User Yiling
by
8.8k points
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