Mathematics, 06.05.2021 17:20 jasminetaylor4587
Santino is considering the best way to invest $200. He can invest his money in a savings account that applies a simple
interest rate of 4%. He can alternatively invest it in another account that applies a compound interest rate of 3%. If
Santino does not withdraw or deposit any money, what is the difference between the amount he would earn in the simpl
interest account and the amount he would earn in the compound interest account after 5 years?
Answers: 3
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Santino is considering the best way to invest $200. He can invest his money in a savings account tha...
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