Mathematics, 18.03.2021 01:10 tus
Karl is comparing the interest rates for accounts at two different banks. he will deposit $600 into an account and will not make any additional deposits or withdrawals.
- Bank Q offers 1% interest compounded annually
- Bank R offers 1.5% simple interest
Which statement about these accounts at the end of 2 years is true?
a - The account at Bank Q will earn about $6 more in interest than the account at Bank R
b - The account at Bank R will earn about $18 more in interest than the account at Bank Q
c - The account at Bank R will have a greater balance than the account at Bank Q
d - The account at Bank Q will have a greater balance than the account at Bank R
Answers: 1
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Karl is comparing the interest rates for accounts at two different banks. he will deposit $600 into...
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