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Mathematics, 13.04.2021 19:30 bee1538

Michael just received a birthday gift of $800. He wants to put it into a new bank account that will earn interest. The Basic Savings account at his bank earns 5% simple interest. The Premium Savings account at his bank earns 4% compound interest.
1. Write a function for each account (2 points)
2. Into which account would you recommend Michael to deposit his money? Why pick this account? (2 points)

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