Ruth Lewis Deposits 3 800 In Her Bank Today Your Answer Is Correct If The Bank Pays 9 Percent Interest Per Year Witho 1 (14.82 KiB) Viewed 19 times
Ruth Lewis deposits $3,800 in her bank today. Your answer is correct. If the bank pays 9 percent interest per year without compounding, how much simple interest will she have earned and how much money will she have at the end of five years? $ 5510 Future value Your answer is incorrect.
Your answer is incorrect. How much money will she have in five years if the bank pays compound interest with annual compounding? (Round answers to 2 decimal places, e.g. 52.75.) $ Future value Your answer is incorrect. How much of the earnings in part b, will be interest on interest? (Round answers to 2 decimal places, e.g. 52.75.) $ Interest on interest
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