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igor_vitrenko [27]
2 years ago
12

Valerie is considering various savings options. At Bank 1, she can invest $1,000 in a CD that earns compound interest at an annu

al rate of 2.4%. At Bank 2, she can invest $1,000 in a savings account that pays 2% simple interest upon withdrawal. How much more money would Valerie earn in 5 years with the CD at Bank 1 than with the savings account at Bank 2?
Mathematics
1 answer:
Genrish500 [490]2 years ago
6 0

Answer:

100.00

Step-by-step explanation:

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