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What is the amount of total interest dollars earned on a $5,000 deposit earning 6% for 20 years?

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What is the amount of total interest dollars earned on a $5,000 deposit earning 6% for 20 years?

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It is an example of compound interest 5 000 1 06 20 5 …View the full answer


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Tarique Anwar Khan
I am teaching in an engineering college from last 7 years. I was in Shivneri polytechnic Junnar from 2013 to 2014. then i have joined to MMANTC, Malegaon as an assistant professor in department of mechanical engineering in 2014 and currently working there.
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Related Book For  answer-question
Principles Of Finance

Principles Of Finance

ISBN: 9798439388899

1st Edition

Authors: Julie Dahlquist, Rainford Knight

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Question Details
Chapter # 7
Section: Problem
Problem: 13
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Question Posted: June 23, 2022 01:30:30
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