Mathematics, 28.10.2019 18:31 xrivas
Two savings accounts were each opened with a $6,000 deposit. account a earns compound interest at a 2% annual interest rate compounded yearly. account b earns simple interest at a 2% annual interest rate. no other deposits or withdrawals are made from the accounts for 3 years.
what is the difference in interest earnings between the two accounts after 3 years?
account a will earn approximately $360 less in interest than account b.
account a will earn approximately $7 less in interest than account b.
account a will earn approximately $360 more in interest than account b.
account a will earn approximately $7 more in interest than account b.
both accounts will earn the same amount of interest.
Answers: 3
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Two savings accounts were each opened with a $6,000 deposit. account a earns compound interest at a...
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