Camille Noah is investing $5,000 in an account that pays an annually compounded rate of 6.75 percent for three years. What is the interest on interest if interest is compounded?
A) $1,012.50
B) $1,082.38
C) $82.38
D) $69.88

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The Answer of Camille Noah is investing $5,000 in an account that pays an annually compounded rate of 6.75 percent for three years. What is the interest on interest if interest is compounded?
A) $1,012.50
B) $1,082.38
C) $82.38
D) $69.88

Camille Noah Is Investing $5,000 in an Account That Pays