Mathematics, 28.03.2021 18:40 kfolston4478

You are given a choice of taking the simple interest on $100,000 invested for 2 years at a rate of 4% or the interest on $100,000 invested for 2 years at an interest rate of 4 % compounded . Which investment earns the 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 2 years at a rate of...