jtnminecrafter jtnminecrafter

01-11-2022
Mathematics

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Sampson wants to deposit $5,000 and keep that money in the bank for three years. He compares two different options. Option 1 will pay 0.8% interest compounded quarterly. Option 2 will pay 0.7% compounded continuously. a) How much interest does Option 1 pay? b) How much interest does Option 2 pay?

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