simple interest and compound interest [Pending...]
asterism 14 Jul 2020, 06:41
My question
Advin has $1500 to invest in one of the following ways.
Account A paying simple interest at a rate of 4.1 % per year.
Account B paying Compound interest at a rate of 3.3% per year.
Which account will be worth more after 3 years and by how much?
Relevant page
Simple Interest Calculator - WebMath
What I've done so far
i dont understand what to do..
X
Advin has $1500 to invest in one of the following ways.
Account A paying simple interest at a rate of 4.1 % per year.
Account B paying Compound interest at a rate of 3.3% per year.
Which account will be worth more after 3 years and by how much?
Relevant page
<a href="http://www.webmath.com/simpinterest.html">Simple Interest Calculator - WebMath</a>
What I've done so far
i dont understand what to do..
Re: simple interest and compound interest
Admin 17 Jul 2020, 22:52
Tell me what your lesson notes or textbook say about Simple and Compound Interest!
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Tell me what your lesson notes or textbook say about Simple and Compound Interest!
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