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Interest-on-Interest Consider a $3,300 deposit earning 9 percent interest per year for 8 y

Interest-on-Interest Consider a $3,300 deposit earning 9 percent interest per year for 8 y

Interest-on-Interest Consider a $3,300 deposit earning 9 percent interest per year for 8 years. How much total interest is earned on the original deposit (excluding interest earned on interest)?

*Show your work

A) $899.00

B) $3,275.00

C) $237.60

D) $2,376.00

 

Abhinav 04-Dec-2019

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