doug26
23.05.2020 •
Mathematics
Trisha plans to invest $1,800.00 in a savings account. Savings account 1 earns 6% simple interest and savings account 2 earns 6% interest compounded quarterly. If she plans to deposit the $1,800.00 and leave it in the account for 2 years, in which savings account would she earn more interest?
A.
The interest earned in both savings accounts will be the same.
B.
savings account 2
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Ответ:
Use this formula:
P = Poe^rt
$1,800.000e^(0.06)(2) = 3,822,611.567563
Well past the 2 years the account will grown from the increase of 6% more so the answer could be B.
Ответ:
Step-by-step explanation:
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