Mathematics, 17.12.2020 22:30 sparky1234
You have $600 to deposit for 2 years and two account options. The first earns you simple interest at a rate of 10.5% and the second earns you compound interest (compounded annually) at a rate of 10%. Which account will earn you more money?
The first account (simple interest)
The second account (compound interest)
They earn you the same
Not enough information to say
Answers: 3
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You have $600 to deposit for 2 years and two account options. The first earns you simple interest at...
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