Joe Notsosmart invested $10,000 at 8% simple interest for 5 years.How much more would he have received if he had received compound interest annually at the same rate? Use Table FA-1.
A)$4,000
B)$4,693
C)$690
D)$400

Question

Joe Notsosmart invested $10,000 at 8% simple interest for 5 years.How much more would he have received if he had received compound interest annually at the same rate? Use Table FA-1. 
A)$4,000 
B)$4,693 
C)$690 
D)$400

Quizplus · Accepted Answer

The Answer of Joe Notsosmart invested $10,000 at 8% simple interest for 5 years.How much more would he have received if he had received compound interest annually at the same rate? Use Table FA-1. 
A)$4,000 
B)$4,693 
C)$690 
D)$400

Joe Notsosmart Invested $10,000 at 8% Simple Interest for 5