Mathematics, 06.09.2020 19:01 raylynnreece4939

You are given a choice of taking the simple interest on $100,000 invested for 4 years at a rate of 5% or the interest on $100,000 invested for 4 years at an interest rate of 5% compounded daily (use the Bankers rule). Which investment earns a greater amount of interest? Give the difference between the amounts of interest earned by the two investments.

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You are given a choice of taking the simple interest on $100,000 invested for 4 years at a rate of 5...