John made an investment for four years. After four years he obtained a total amount of $20,736
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Question:
John made an investment for four years. After four years he obtained a total amount of $20,736 from his bank. If interest rate was 20% per year, what was his interest on interest?
Expert Answer:
To determine the interest on interest earned by John on his investment we need to separate the to... View the full answer
Related Book For 
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
Posted Date:
