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Tariq is comparing two banks to decide which one he wants to use for his new saving account. Account one will offer him 5% interest, compounded annually. Account offers 5% simpl…
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Tariq is comparing two banks to decide which one he wants to use for his new saving account. Account one will offer him 5% interest, compounded annually. Account offers 5% simpl…
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Oct 28, 2018
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Tariq is comparing two banks to decide which one he wants to use for his new saving account. Account one will offer him 5% interest, compounded annually. Account offers 5% simple interest. Which account will earn more interest?
Mathematics
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I believe it is the first one because it is an exponential growth rate.
Vahid Kargar
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Nov 3, 2018
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