(4 x 10-1) + (4 x 10-1)
= 8 x 10-1
= 8 x 10-1
Anne deposited $500 in an account that earns 6% simple annual interest. Shelly deposited $500 in an account that earns 6% annual
interest compounded annually. They leave the money in the account for 4 years. What is the difference between the two accounts?
1 answer:
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