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Suppose you invest $1,00 in an acoount paying 8 o intereat per year. a. What is the bolance in the account after 3 years? How
Suppose you invest $1,00 in an acoount paying 8 o intereat per year. a. What is the bolance in the account after 3 years? How much of this balance corresponds to Interest on intereat ? b. What is the balance in the account after 25 years? How mueh of this balarice corresponds to 7 mterest on intereat? a. What is the bolance in the account after 3 years? The bolance in the account after 3 years is $ (Round to the rearest oent) How much of this balance corresponds to "interest on interest"? The amournt that corresponds to interest on interest is $ (Round to the nesfest cent) b. What is the bolance in the account after 25 years? The bolanoe in the occount after 25 years is $ (Found to the nearest cent.) How much of this balance corresponds to "interest on interest? The amount that corresponds to interest on interest is $ (Round to the nearest cent.)
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