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Deffense [45]
3 years ago
7

Mrs. Maldonado has $3,000 she wants to invest for the next 4 years. Her credit union offers a 5.96% interest rate compounded yea

rly, while a new bank will pay a 7.27% annual simple interest on her investment. Assume Mrs. Maldonado makes no additional deposits or withdrawals over the 4-year period.
Step 2: Use the correct formula to calculate the interest earned for the offer at the bank.
Mathematics
1 answer:
pishuonlain [190]3 years ago
3 0
The answer is
3972.95
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