Mathematics, 20.11.2020 16:30 JellalFernandes

Janice wants to invest $1,000. Texas Loan & Credit will offer Janice an annual simple interest rate of 6% that is paid upon withdrawal. Pecan & Cedar Savings Bank will offer Janice an interest rate of 3% that is compounded annually. Which Bank will yield better interest earnings after investing $1,000 for 2 years?

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Janice wants to invest $1,000. Texas Loan & Credit will offer Janice an annual simple interest r...