Mathematics, 28.12.2019 04:31 icantspeakengles
On a certain day, tim invested $1,000 at 10 percent annual interest, compounded annually, and lana invested 2,000 at 5 percent annual interest, compounded annually. the total amount of interest earned by tim’s investment in the first 2 years was how much greater than the total amount of interest earned by lana’s investment in the first 2 years?
a. $5
b. $15
c. $50
d. $100
e. $105
Answers: 1
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On a certain day, tim invested $1,000 at 10 percent annual interest, compounded annually, and lana i...
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