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Lester had $6.270 in his savings account at the beginning of this year. This amount includes both the $6,000 he originally invested at the beginning

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Lester had $6.270 in his savings account at the beginning of this year. This amount includes both the $6,000 he originally invested at the beginning of last year plus the $270 he earned in interest last year, This year, Lester earned a total of $282.15 in interest even though the interest rate on the account remained constant. This $282.15 is best described as: Precision Engineering invested $95.000 at 5.5 percent interest, compounded annually for 2 years. How much interest did the company earn over this period of time

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