consider a $3000 deposit earning 6% interest per year for five years. How much total interest is earned on the original

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

consider a $3000 deposit earning 6% interest per year for five years. How much total interest is earned on the original

Post by answerhappygod »

consider a $3000 deposit earning 6% interest per year for five years. How much total interest is earned on the original deposit? Excluding interest earned on interest
a.1014.00
b. 900.00
c.114.00
d. 90.00
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply