Melanie opens 2 bank accounts. In the first she deposits $1500, and earns 9% simple interest for 3 years. In the second she deposits $1500, and earns 7.5% interest, compounded annually, for 3 years. Which

Melanie opens 2 bank accounts. In the first she deposits $1500, and earns 9% simple interest for 3 years. In the second she deposits $1500, and earns 7.5% interest, compounded annually, for 3 years. Which account has more money at the end of the 3 years?

2 Answers

Melanie opens 2 bank accounts. In the first she deposits $1500, and earns 9% simple interest for 3 years. In the second she deposits $1500, and earns 7.5% interest, compounded a…

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

Please log in or register to add a comment.

Please log in or register to add a comment.

Related questions

Categories

Other Questions