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Compare the interest earned by $15,000 for seven years at 13% simple interest with that earned by the same amount for seven years at 13%

Compare the interest earned by

$15,000

for seven years at

13%

simple interest with that earned by the same amount for seven years at

13%

compounded annually.\ The interest earned by

$15,000

for seven years at

13%

simple interest is

$28650

. (Round to the nearest dollar.)

image text in transcribed
Compare the interest earned by $15,000 for seven years at 13% simple interest with that earned by the same amount for seven years at 13% compounded annually. The interest earned by $15,000 for seven years at 13% simple interest is $ (Round to the nearest dollar.)

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