Mathematics, 15.04.2021 23:40 CSelmon23
Lila plans to open an account with a deposit of $12,000. She plans to invest the money for 8 years in on of the following accounts:
• An account that pays annual simple interest of 7.5%, or
• An account that pays 6% interest comounded annually
If Lila invest in the account that will earn her more interest over these 8 years, how much interest will she earn?
Enter your answer only as a number, and round to the nearest hundreth if necessary.
Answers: 1
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Lila plans to open an account with a deposit of $12,000. She plans to invest the money for 8 years i...
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