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timama [110]
2 years ago
6

In 2008, Pari opened two accounts each with an initial deposit of $2,000. Both accounts had an interest rate of 2%. Account A ea

rned simple interest, while Account B earned compound interest that was compounded annually. She did not deposit or withdraw money from either account for 5 years. What was the difference in the balances of the two accounts after 5 years?
Help me please
Mathematics
1 answer:
UNO [17]2 years ago
3 0

Answer:

every year 1000

Step-by-step explanation:

2000 divided by 2 is 1000 x 5 = 5000 sow every year he gets 1000 dollars

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