Mathematics, 31.03.2021 18:40 gabrielar80
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.
Answers: 2
![\Rightarrow P[1\frac{R}{100}]^t-P](/tpl/images/1232/6577/7728e.png)
![\Rightarrow 600[1+\frac{1}{100}]-600=\$6](/tpl/images/1232/6577/84503.png)
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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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