Mathematics, 03.12.2021 03:40 Throwback633

Lakelyn has $2,500.00 to invest in a savings account. Savings account 1 earns 4% simple interest and savings account 2 earns 4% interest compounded annually. If she plans to deposit the $2,500.00 and leave it in the account for 1 year, in which savings account would she earn more interest?

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Lakelyn has $2,500.00 to invest in a savings account. Savings account 1 earns 4% simple interest and...

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