Mathematics, 06.12.2020 03:10 yehnerthannah
Question 10
Matt puts $125 into a savings account that earns 6% simple interest for 5 years. What difference would there be if the interest rate were compounded?
The simple interest rate would earn Matt about $5.00 more each year.
А
B
The compounded interest rate would earn Matt about $5.00 more each year.
С
The simple interest rate would earn Matt about $5.00 more after 5 years.
D
The compounded interest rate would eam Mat about $5.00 more after 5 years.
Answers: 1
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Question 10
Matt puts $125 into a savings account that earns 6% simple interest for 5 years. What d...
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