Mathematics, 19.08.2020 21:01 lekylawhite16
Question 2 (1 point)
What would $1,000 become in a saving account at 3% per year for 3 years when the interest is not compounded (simple interest)? What would the
same amount become after 3 years with the same rate but compounded annually?
Simple Interest is $30.00, Compound interest is $90.00
Simple Interest is $1,092.73, Compound interest is 51,099.73
Simple Interest is $1,090,00, Compound Interest is $1,092.73
Simple interest is $1,030,00, Compound Interest is $1,090,00
Answers: 1
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Question 2 (1 point)
What would $1,000 become in a saving account at 3% per year for 3 years when t...
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