jojourneyz22 jojourneyz22

08-11-2022
Mathematics

Answered

Yu is considering two different banks for
his $3,000 savings account:
OPTION B
2% FOR 10 YEARS
COMPOUND
INTEREST
a. What is the interest earned on option A?
OPTION A
4% FOR 10 YEARS
SIMPLE INTEREST
b. What is the total value on option A?
c. What is the interest earned on option B?
d. What is the total value on option B?
e. Which is the better option?

Answer :

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