How much more interest is earned on an investment of $12,585 at 3.5% interest over 5 years if the interest is compounded annually rather than earning simple interest?
On an investment of $12,585 at 3.5% interest over 5 years, if the interest is compounded annually rather than earning simple interest you would get $243.98 more. Thank you for posting your question here at brainly. I hope the answer will help you.
