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laila [671]
3 years ago
13

preston received a paycheck for $900.00 and he wants to invest it in a savings account. A savings account at bank A earns 4% int

erest compounded monthly and a savings account at bank B earns 5% simple interest. If Preston plans to deposit the $900.00 and leave it in the account for 3 years, at which bank would he earn more interest?
Mathematics
1 answer:
RoseWind [281]3 years ago
4 0

Answer:

Bank A; he would earn a total $432, while only $132 at Bank B.

Step-by-step explanation:

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