Lipsy invests $5,500 in an account that pays 5% simple interest. How much money will she have at the end of nine years.

(B) Lipsy then goes on to invests $4,000 in an account that pays 6% simple interest. How much more could she have earned over an 8-year period if the interest had compounded annually?

Answer rating: 100% (QA)

To calculate the amount of money Lipsy will have at the end of nine years with simple interest we ca... View the full answer