In 10 years, how much would a deposit of $100 grow to in a bank that pays compound interest at a 5 percent rate? How much of the ending balance would be interest earned on the interest paid?

• $162.89, $12.89

• $162.89, $62.89

• $150, $50

• $150, $0

• $162.89, $0

Answer rating: 100% (QA)

I The correct answer is 2nd option 16289 6289 Solution Given information iPresent value PV ... View the full answer