Beatrice invests 1440 in an account that pays 3 percent


Beatrice invests $1,440 in an account that pays 3 percent simple interest. How much more could she have earned over a 4-year period if the interest had compounded annually?

$7.93

$31.73

$17.61

$28.37

$21.28

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Financial Management: Beatrice invests 1440 in an account that pays 3 percent
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