Savings account at a bank pays 5% simple interest in account at Bank B pays 2% compounded interest the table shows the balance i n each account after an initial deposit of $1000 which describes the balance after a long period of time
1 answer:
Answer:
The balance in Bank B will be greater.
Step-by-step explanation:
Because simple interest is just interest on the principle only which is 50 every year doesn't change but with compound interest you will get 2% Interest every year. principle+interest
You might be interested in
Answer:
2,100 cubic feet
Step-by-step explanation:
20 × 15 × 8 = 2,400
20 × 15 × 1 = 300
2,400 - 300 = 2,100
Answer:
20/9 or 2 2/9 or 2.2 repeating
Step-by-step explanation:
(a^3b)^2 • 4ab^3
16+5x=46
How bout u study to get the answer
