Question: Please wirte in detail how to get the correct answer You Answered Correct Answers You deposited $1,000 in an account that pays a fixed interest

Please wirte in detail how to get the correct answer

You Answered Correct Answers You deposited $1,000 in an account that pays a fixed interest rate with quarterly compounding. After 10 years you have earned $1,000 in simple interest. How much interest-on-interest will you have earned 20 years after the original deposit? Please, express your answer in dollars and cents but omit the $ sign. 10 4,209.57 (with margin: 0.1)

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