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Ben Invested $7 500 Twenty Years Ago With A Insurance Company That Has Paid Him 6 Percent Simple Interest On His

Question

Ben invested $7,500 twenty years ago with a insurance company that has paid him 6 percent simple interest on his

funds. Charles invested $7,500 twenty years ago in a fund that had paid him 6 percent interst compound annually. How much more interest has charles earned than Ben over the past 20 years?

Finance