One year ago, Lindsey deposited $250 into a savings account. Her balance is now $253. Two years ago, Jenn deposited $250 into a

Question

3 years ago

8

savings account. Her balance is now $257.50. Which account has the greater simple interest rate? Explain

2 answers:

Nana76 [90] · Answer 1 · 2022-04-15T04:52:20+03:00

5 0

Answer:

Jenn's account has a greater simple interest rate.

Lindsey's interest in 1 year was $3

Jenn's interest in 2 years was $7.50 if you divide $7.50 by 2 the answer would be 3.75 therefore Jenn's account has the greater simple interest rate.

SashulF [63] · Answer 2 · 2022-04-15T07:11:02+03:00

4 0

Answer:

Jenn's account has a greater simple interest rate.

Lindsey's interest in 1 year was $3

Jenn's interest in 2 years was $7.50 if you divide $7.50 by 2 the answer would be 3.75 therefore Jenn's account has the greater simple interest rate.

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