Mathematics, 15.12.2020 01:00 sacoyia27

Jakob invests $500 at a rate of 2% per year compound interest. Claudia invests $500 at a rate of 2.5% per year simple interest.
Calculate the difference between these two investments after 30 years.
Give your answer in dollars correct to the nearest cent.

Answers: 3

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Jakob invests $500 at a rate of 2% per year compound interest. Claudia invests $500 at a rate of 2....

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Jakob invests $500 at a rate of 2% per year compound interest. Claudia invests $500 at a rate of 2.5% per year simple interest. Calculate the difference between these two investments after 30 years. Give your answer in dollars correct to the nearest cent.

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Another question on Mathematics

Jakob invests $500 at a rate of 2% per year compound interest. Claudia invests $500 at a rate of 2.5% per year simple interest.
Calculate the difference between these two investments after 30 years.
Give your answer in dollars correct to the nearest cent.