Mathematics, 22.01.2021 02:10 rick49731
Jeremiah opened a savings account with a one-time deposit of $500. His savings account will pay a 5% simple interest per year. His brother, Brian, opened another savings account with a one-time deposit of $200. Brian’s savings account will pay 3% compounded annually. Who would earn more interest, to the nearest dollar, in 2 years?
A. Brian will make $12.00 more than Jeremiah.
B. Jeremiah will make $38 more than Brian.
C. Jeremiah will make $50 more than Brian.
D. Brian will make $212 more than Jeremiah.
Answers: 2
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Jeremiah opened a savings account with a one-time deposit of $500. His savings account will pay a 5%...
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