JGFormeer JGFormeer

29-04-2020
Mathematics

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If you had $500 to put into a savings account with 8% interest , how would you know which bank to choose, if you plan to withdraw everything after 10 years—one that pays simple interest or compound interest? Explain.

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30-04-2020

Answer:

Compound interest because you earn more over time

Step-by-step explanation:

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