Mathematics, 26.03.2021 23:50 Tyrant4life
Angelica is considering savings options. Bank 1, she can invest $500 compound interest for an annual rate of 2.3%. At bank 2, she can invest $500 at a simple interest rate of 2%. How much more money would Angelica earn in 5 years with Bank 1 thank Bank 2.
(Hint: when finding compound interest you will have to take "A-total amount" then subtract your "P-principle" to get interest)
$510.21
$60.21
$50.00
$10.21
Answers: 3
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Angelica is considering savings options. Bank 1, she can invest $500 compound interest for an annual...
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