Question: Find the simple interest. Then use the compound interest table to nd the interest compounded annually. Finally. find the amount by which the compound interest

Find the simple interest. Then use the compound interest table to nd the interest compounded annually. Finally. find the amount by which the compound interest is larger than the simple interest. Number of Years Simple Interest Compound Interest Difference $5700 _-__ 5 What is the simple interest? 55 (Round to the nearest cent as needed.) What is the compound interest? 55 (Round to the nearest cent as needed.)

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