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Using the Compound Interest Tables, Answer the Following Questions Required $10,500\$ 10,500

Question 12

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Using the compound interest tables, answer the following questions Required:
-a. What amount of interest will be earned on an investment of $10,500\$ 10,500 left on deposit by Marcy for three years at 9%9 \% interest compounded annually?
b. Travis deposited $10,000\$ 10,000 in a fund that earns 8%8 \% interest compounded annually. How many years will it take for the fund to grow to $21,589.25?\$ 21,589.25 ?

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