Question: Rence invested $ 2 , 0 0 0 six years apo at 4 . 5 percent interest. She spends all of her interest eamings impedately
Rence invested $ six years apo at percent interest. She spends all of her interest eamings impedately so the only receives interest on her inital $ investment. Which lype of intecest is she earning?
Select one:
a interest on biterest
b Simple interest
c Free interest
a rommoand interest
e Complex interest
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
