Mathematics, 04.11.2020 18:20 slend3rpiggy
Bank A offers a savings account where you earn 6% interest on the account balance every 12 months. Bank B offers a savings account where you earn 2% interest on the account balance every 8 months. Amadou plans to deposit $10,000 and leave it in a savings account for exactly two years without adding any more money to the account or taking any money out. How much more money will Amadou have at the end of two years by opening an account with Bank A than he would have with Bank B?
Answers: 1
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Bank A offers a savings account where you earn 6% interest on the account balance every 12 months. B...
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