If someone deposits $1,000 into a savings account that pays 1% interest. At the end of the first year, he's earned $10 in interest and there is $1,010 in the account. If the account has simple interest, the 1% interest for year two would be based off . If the account has compounding interest, the 1% interest for year two would be based off .
The original deposit ($1,000); The year one account balance ($1,010)
The original deposit ($1,000); The year one interest ($10)
The year one account balance ($1,010); The year one interest ($10)
The year one account balance ($1,010); The original deposit ($1,000)
Answers: 3
Business, 21.06.2019 22:50
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If someone deposits $1,000 into a savings account that pays 1% interest. At the end of the first yea...
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