Mathematics, 30.10.2020 07:20 BeautyxQueen
Determine whether the statement makes sense. Explain your reasoning.
For the given principal, interest rate, and time period, determine the amount of interest
that would be earned in an account paying simple interest. Also determine the amount
of interest that would be earned in an account paying compound interest with interest
compounded annually. Determine how much more interest would be earned in the
account paying compound interest. Round to the nearest cent.
6) Principal: $4021 Rate: 3% Years: 18
Answers: 3
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Determine whether the statement makes sense. Explain your reasoning.
For the given principal, inter...
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