Smaana Smaana
  • 12-08-2020
  • Mathematics
contestada

10) An amount of $1500.00 is invested for 3 years at rate of 2% for the first year and 5%, for
the 2nd year and 6% for the 3rd year.
a) Calculate the interest amount you will get if this is simple interest?
b) How much more or less you will get if this is compound interest?

Respuesta :

triplem52
triplem52 triplem52
  • 12-08-2020

Answer:

the interest is 195dollars

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