Assume $20,000 is deposited into a savings account. Bedford Bank offers an annual rate of 1% simple interest for five years. Sli
ck Bank offers a rate of 5.1% simple interest for one year. Which earns more interest?
1 answer:
Using a savings interest calculator, I found that either way your savings grow by exactly $1,020.20, so they share the same interest.
You might be interested in
Answer: It would be between 7 and 8
Answer:
18ft
Step-by-step explanation:
so fine area you do side x side and divide by two
6 x 6= 36
36/2 = 18
Answer:
1. 87x20(4) divided by 20.
Step-by-step explanation:
Answer: 1.22222222222
Step-by-step explanation:
Answer:550
Step-by-step explanation:
