efedumbo efedumbo

19-02-2018
Mathematics

contestada

Glenn invested $15,000 at 3% interest compounded annually.
How much interest will Glenn earn in 4 years?

a)$20,837.25

b)$16,882.63

c)$2837.25

d)$1882.63

Respuesta :

musiclover10045 musiclover10045

19-02-2018

15000 * (1+ 0.03)^4

15000 *1.1255 = 16882.63 total after 4 years

16882.63 - 15000 = 1882.63 total interest

Answer is D

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