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$100 is invested for 20 years. During the first 10 years, the annual rate of 6%. During the last 10 years, the annual rate is
$100 is invested for 20 years. During the first 10 years, the annual rate of 6%. During the last 10 years, the annual rate is 5%. How much interest is compounded during the last 10 years on the interest compounded during the first 10 years (in dollars)?
A. | Below 5 | |
B. | Between 5 and 15 | |
C. | Between 15 and 25 | |
D. | Between 25 and 35 | |
E. | Between 35 and 45 | |
F. | Between 45 and 55 | |
G. | Between 55 and 65 | |
H. | Between 65 and 75 | |
I. | Above 75 |
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