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lesantik [10]
3 years ago
7

Account A and Account B both have a principal of $1,000 and an annual interest rate of 4%. No additional deposits or withdrawals

are made. Account A earns simple interest. Account B earns interest compounded annually. Compare the amounts in the two accounts after 20 years. Which earns more interest? How much more?
Mathematics
1 answer:
postnew [5]3 years ago
4 0
Account A
Total-$1800
Interest-$800

Account B-
Total-$2191.12
Interest-$1191.12

Account B by $391.12
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