Asked by Thaiyanis Betancourt on May 30, 2024
Verified
How much interest is earned by investing $2100 for three years at 4.5% compounded monthly?
Interest Earned
The profit gained from investing or saving, typically represented as a percentage of the original investment.
- Assess the sum of interest received or owed across the tenure of an investment or borrowing.
Verified Answer
AI
Learning Objectives
- Assess the sum of interest received or owed across the tenure of an investment or borrowing.