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Provide an Appropriate Response

Question 10

Multiple Choice

Provide an appropriate response.
-Find the amount by which the interest compounded annually is larger than the simple interest.
Round to the nearest cent. Use the formula Provide an appropriate response. -Find the amount by which the interest compounded annually is larger than the simple interest. Round to the nearest cent. Use the formula to find the compound amount. Principal: $6,260 Rate: 6% Years: 18 A) $4,847.36 B) $11,107.36 C) $4,211.56 D) $4,346.56 to find the compound amount.
Principal: $6,260 Rate: 6% Years: 18


A) $4,847.36
B) $11,107.36
C) $4,211.56
D) $4,346.56

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