8.12A Simple & Compound Interest
1.
Kelly deposits $600 into a new savings account that...
Mathematics, 26.04.2021 21:20 ferny5133
8.12A Simple & Compound Interest
1.
Kelly deposits $600 into a new savings account that pays 4% simple interest
annually. Oscar deposits $600 into a new savings account that pays 4% interest
compounded annually. If both Kelly and Oscar leave their $600 deposits in their
accounts for 3 years, how much more will Oscar's deposit earn in interest than
Kelly's deposit?
A $1.96
B $2.92
C $50.92
D $74.92
2.
000
Answers: 2
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