Use the compound interest table to solve the following problem.
-Identify the interest in the following sentence. $\$ 5000$ deposited at a $5 \%$ rate earns $\$ 2250$ over 9 years.
A) 5000
B) 5
C) 2250
D) 9

Question

Quizplus · Accepted Answer

The interest earned is the amount of money gained over the initial deposit, which is \$2250 in this case.

Use the Compound Interest Table to Solve the Following Problem $5000\$ 5000$5000

Use the Compound Interest Table to Solve the Following Problem $\$ 5000$