Precision engineering invested 110000 at 65 percent
Question - Precision engineering invested $110,000 at 6.5 percent interest, compounded annually for 4 years. How much interest on interest did the company earn over this period of time?
a- $2,481.25
b- $2911.30
c- $3014,14
d- 3250.00
e- 3333.33
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