julesalizabeth julesalizabeth

08-03-2021
Mathematics

contestada

Tiara deposited $10,000 into an account that earned 15% compound interest over 10 years. What is the amount of interest earned after 10 years?

A: $15,000
B: $30,455.60
C: $25,000
D: $40,455.60

Respuesta :

alexa0219 alexa0219

08-03-2021

Answer:

The final balance is $44,402.15.

The total compound interest is $34,402.15.

Answer Link

08-03-2021

15% of 10,000 is 1,500 and 1,500x10=15,000 meaning Tiara earned $15,000 in interest over 10yrs

Answer Link

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