Question

⚠️Suppose you have two savings accounts, both with a principal of $200 and an interest rate of 3%, but one earns simple interest and one earns interest compounded annually. How much would you earn in the simple interest account after 10 years?⚠️

Answer 1

Answer: 60 I think

Step-by-step explanation: 200 dollar multiply by 0.03 then times 10.

3% is equal to 0.03 and by ten years means to multiply.