Ben invested $5,000 twenty years ago with an insur

jagguarpaw January 6, 2017 0 Comments

Question: Ben invested $5,000 twenty years ago with an insur…

Ben invested $5,000 twenty years ago with an insurance company that has paid him 5 percent simple interest on his funds. Charles invested $5,000 twenty years ago in a fund that has paid him 5 percent interest, compounded annually. How much more interest has Charles earned than Ben over the past 20 years.