How much interest did company earn over period of time


Precision engineering invested $110.000 at 6.5 percent interest, compounded annually for 4 years. How much interest on interest did the company earn over this period of time?

a- $2481.25

b- $2911.30

c- $3014.14

d- $3250.00

e- $3333.33

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: How much interest did company earn over period of time
Reference No:- TGS069252

Expected delivery within 24 Hours