Mathematics, 22.03.2021 03:50 destinyleisantos

Two bank accounts open on the same day with original deposits of $575. The first account earns 5% simple interest. The second account earns 5% interest compounded annually. After one year what will be the balance of each account? Which account will have a greater balance after one year?

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Two bank accounts open on the same day with original deposits of $575. The first account earns 5% si...