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This graph shows the exponential rise in balance on an initial investment of $1,500 over 25 years at 5% APR. After 10 years about how much interest has the investment earned? Round to the nearest thousand dollars.

This graph shows the exponential rise in balance on an initial investment of 1500 over 25 years at 5 APR After 10 years about how much interest has the investme class=

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nobillionaireNobley
After 10 years, Interest = 1500(1 + 0.05)^10 - 1500 = 1500(1.05)^10 - 1500 = 2443.34 - 1500 = $943.34 = $1,000 to the nearest thousand dollars.

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