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Ben is choosing between 2 savings accounts . Both accounts pay 3% interest. Account X pays compound interest. Account Y pays simple interest Ben should choose account X because?…

Ben is choosing between 2 savings accounts . Both accounts pay 3% interest. Account X pays compound interest. Account Y pays simple interest Ben should choose account X because?…
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Ben is choosing between 2 savings accounts . Both accounts pay 3% interest. Account X pays compound interest. Account Y pays simple interest Ben should choose account X because?

Ben is choosing between 2 savings accounts . Both accounts pay 3% interest. Account-example-1
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User RTBarnard
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2 Answers

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D! Interests rate would increase over time!
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User Eferion
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5 votes
the answer is D because the rate would increase overtime, means you’d get more money
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User Neal Richardson
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