Suppose you invest $1,250 in an account paying 8% interest per year. a. What is the balance in the account after 3 years

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Suppose You Invest 1 250 In An Account Paying 8 Interest Per Year A What Is The Balance In The Account After 3 Years 1 (25.51 KiB) Viewed 14 times

Suppose you invest $1,250 in an account paying 8% interest per year. a. What is the balance in the account after 3 years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 32 years? How much of this balance corresponds to "interest on interest"? *** a. What is the balance in the account after 3 years? The balance in the account after 3 years is $ 1574.64. (Round to the nearest cent.) How much of this alance corresponds to "interest on interest"? The amount that corresponds to interest on interest is $. (Round to the nearest cent.)