Sign In Sign Up Ask an AI advisor
laykaleb086
laykaleb086
09.10.2019 • 
Mathematics

Ashley and elise each deposited $1500 into separate accounts. each account earned 4% interest over 8 years. at the end of 8 years, elise had earned more than ashley. why?

a.
elise earned compound interest, and ashley earned simple interest.

b.
elise earned simple interest, and ashley earned compound interest.

c.
elise had a different interest rate than ashley.

d.
elise invested for a different amount of time than ashley.

Solved
Show answers

Ask an AI advisor a question

I want advice