⚠️Suppose you have two savings accounts, both with a principal of $200 and an interest rate of 3%, but one earns simple interest

Question

3 years ago

11

and one earns interest compounded annually. How much would you earn in the simple interest account after 10 years?⚠️

1 answer:

Alika [10] · Answer 1 · 2022-11-18T02:25:07+03:00

Alika [10]3 years ago

8 0

Answer: 60 I think

Step-by-step explanation: 200 dollar multiply by 0.03 then times 10.

3% is equal to 0.03 and by ten years means to multiply.