Suppose you invest $5,000 for five years at an interest rate of 8 percent. How much simple interest.

Suppose you invest $5,000 for five years at an interest rate of 8 percent. How much simple interest would you earn over the five years? How much compound interest would you earn? What is the explanation for the difference between these two amounts? View Solution:
Suppose you invest 5 000 for five years at an interest