108
AVMultiple Choice

Prescriptive Test

Question 108 • 26-27 RPA - US History 1 CR

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?

Answer
A
They are the same.
B
$159.65
C
$2,362.03
D
$12,744.65
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