Mathematics, 22.10.2019 04:00 petriajack8375

61.april would like to invest $200 in the bank for one year. three banks all have a nominal apr of 1.5%, but compound the interest differently.
d. each bank decides to double the nominal apr it offers for one year. that is, they offer a nominal apr of 3%. each bank advertises, "double the amount you earn! " for which of the three banks, if any, is this advertised claim correct?

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