Question
John made an investment for four years. After four years he obtained a total amount of $20,736 from his bank. If interest rate was 20%
John made an investment for four years. After four years he obtained a total amount of $20,736 from his bank. If interest rate was 20% per year, what was his interest on interest?
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Step: 1
To determine the interest on interest earned by John on his investment we need to separate the to...
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
