Mathematics, 14.12.2020 21:20 natalie2sheffield
Benjamin deposit $3,000 into each of two savings accounts the first savings account pays 5% interest compounded annually the second savings account pays 5% simple interest annually if Benjamin makes no other deposits or withdrawals what will be the difference between the interest earned by the two savings accounts after 4 years?
A) $46.52
B) $28.8
C) $646.52
D) $3,046.52
Answers: 3
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Benjamin deposit $3,000 into each of two savings accounts the first savings account pays 5% interest...
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