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pashok25 [27]
3 years ago
9

Tyler has $1000 that he wants to put in a savings account. He wants to save the money for 6 years. After 6 years he plans to tak

e the money out and spend it on college. He looks at two different banks, and they offer him different interest options.
Bank A offers Tyler 4% simple interest. Bank B offers Tyler 3% interest compounded annually. How much would Tyler’s investment be worth after 6 years in this account? Show your calculations below.
Mathematics
1 answer:
posledela3 years ago
4 0
Bank B, because compound interest makes greater than simple interest.
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