cat216
cat216
11.02.2021 • 
Mathematics

Mark will deposit $1,250 in an account that earns 5% simple interest every year. His brother, Tom, will deposit $1,200 in an account that earns 7% interest
compounded annually. The deposits will be made on the same day, and no
additional money will be deposited or withdrawn from the accounts. Which
statement about the balances of Mark's account and Tom's account at the end of
3 years true?

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