Business, 22.10.2020 07:01 Bwinig2021
Jackie invests $1,000 in an account that earns 5% simple interest. Amber invests $800 in an account earning 8%
interest compounded annually. Who will have earned more interest after 3 years? How much more?
A. Jackie will have earned $34.27 more than Amber after 3 years.
B. Amber will have earned $34.27 more than Jackie after 3 years.
C. Jackie will have earned $57.77 more than Amber after 3 years.
D. Amber will have earned $57.77 more than Jackie after 3 years.
Answers: 3
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Jackie invests $1,000 in an account that earns 5% simple interest. Amber invests $800 in an account...
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