Mathematics, 12.03.2021 05:30 skylarladson2549
Karl is comparing the interest rates for accounts at two different banks. He will deposit $ 600 into an account and will not make any additional deposits or withdrawals. • Bank Q offers 1% interest compounded annually. Bank R offers 1.5% simple interest. Which statement about these accounts at the end of 2 years is true? The account at Bank Q will earn about $ 6 more in interest than the account at Bank R. The account at Bank R will earn about $ 18 more in interest than the account at Bank Q. C The account at Bank R will have a greater balance than the account at Bank Q. The account at Bank Q will have a greater balance than the account at Bank R.
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