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You deposit $1500 into an account that pays an interest rate of 4% compounded annually. Your friend deposits $1500 into an account that pays a simple annual interest rate of 4%.…

You deposit $1500 into an account that pays an interest rate of 4% compounded annually. Your friend deposits $1500 into an account that pays a simple annual interest rate of 4%.…
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You deposit $1500 into an account that pays an interest rate of 4% compounded annually. Your friend deposits $1500 into an account that pays a simple annual interest rate of 4%. Compare the balances of the two accounts after 5 years.

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User Ceetheman
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8.4k points

1 Answer

6 votes

Answer: b

Step-by-step explanation:

answered
User Bahman
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