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How much more money is earned on $3,000 invested at 4% interest compounded annually for 20 years than $3,000 invested at a simple interest of 4% for 20 years?

How much more money is earned on $3,000 invested at 4% interest compounded annually for 20 years than $3,000 invested at a simple interest of 4% for 20 years?
asked 172k views
4 votes
How much more money is earned on $3,000 invested at 4% interest compounded annually for 20 years than $3,000 invested at a simple interest of 4% for 20 years?

asked
User Wug
by
8.4k points

2 Answers

1 vote

Answer:

295

Explanation:

),(;;7(8((75(75

answered
User Ryan Gabbard
by
8.5k points
4 votes
2400 is the answer to that question. Your welcome
answered
User Mervzs
by
8.6k points
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