maymay2365 maymay2365

07-06-2021
Mathematics

contestada

4. If your balance on an investment of $100 that has been invested at
a rate of 7.5% is $178.35 at the end of 8 years, does the plan have simple
interest or compound interest?

Respuesta :

raistar48 raistar48

07-06-2021

Answer:

Simple interest

Step-by-step explanation:

Because its a period of 8 years

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