First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest

Question

3 years ago

5

First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest

compounded annually. If you made a deposit of $17,000 in each bank, how much more money would you earn from your Second City Bank account at the end of 9 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Business

1 answer:

kogti [31] · Answer 1 · 2022-05-15T04:29:24+03:00

kogti [31]3 years ago

6 0

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