You invest $100 in two accounts that each pay an interest rate of 10% per year, but one pays simple interest and the other pays

Question

2 years ago

6

You invest $100 in two accounts that each pay an interest rate of 10% per year, but one pays simple interest and the other pays

compound interest. Make a table to show the growth of each account over a 5-year period. Use the compound interest formula to verify the amount shown in the table after 5 years for the compound interest account.

Mathematics

1 answer:

bogdanovich [222] · Answer 1 · 2022-10-20T14:56:24+03:00

bogdanovich [222]2 years ago

5 0

Answer:

50

Step-by-step explanation: