SOLUTION: If I invest a one time sum of 9000$ into an account that pays 8.5% annual interest how much interest will I earn over the life of the investment

Algebra.Com
Question 1204978: If I invest a one time sum of 9000$ into an account that pays 8.5% annual interest how much interest will I earn over the life of the investment
Answer by ikleyn(52921)   (Show Source): You can put this solution on YOUR website!
. 

(1)  Is the account simple interest or compounded interest ?


(2)  What is the life of the investment ? - How many years ?

Please clarify and then re-post to the forum.

Please do not post your update to me in person.



RELATED QUESTIONS

a person plans to invest twice as much in an account that pays 8% annual interest as in... (answered by Earlsdon,ewatrrr)
Juanita has ​$24,000 to invest in two accounts that pay simple interest on an... (answered by lwsshak3)
Juanita has 28,000 to invest in two accounts that pay simple interest on an annual basis. (answered by richwmiller)
an investor will invest a total of $12000 on two accounts, one paying 5% annual simple... (answered by lwsshak3)
If an investor invests a total of $25,000 into two bonds, one that pays 3% simple... (answered by Boreal)
nacho invests $9000 in two accounts. the first account pays 5% annually and the second... (answered by solver91311)
A man makes a deposit of $50,000 into an account that pays an annual interest of 5%. How... (answered by math_tutor2020)
Juanita has 22000 to invest in two accounts that pay simple interest on an annual basis.... (answered by mananth)
Mark wants to invest $10,000 to pay for his daughter's wedding next year. He will invest... (answered by ikleyn)