Mathematics, 07.04.2021 19:20 logan541972
You want to deposit $1000 in a savings account for 3 years. One bank adds a$100 bonus to your principal and offers a 2% simple annual interest rate. Another bank does not add a bonus, but offers 6% simple interest per year. Which bank should you choose?
-The bank that offers 2% simple interest and a bonus.
-The bank that offers 6% simple interest.
Explain.
Answers: 1
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