Mathematics, 07.05.2021 14:00 andeaGonzllezz

My question is that: You have invested into Bank A that pays 4.5%p. a. compounded, and Bank B which pays 8.5%p. a simple interest on a principle of K2000 each, over 2 years. Which bank pays you a larger interest in Kina?

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My question is that: You have invested into Bank A that pays 4.5%p. a. compounded, and Bank B which pays 8.5%p. a simple interest on a principle of K2000 each, over 2 years. Which bank pays you a larger interest in Kina?​

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My question is that: You have invested into Bank A that pays 4.5%p. a. compounded, and Bank B which pays 8.5%p. a simple interest on a principle of K2000 each, over 2 years. Which bank pays you a larger interest in Kina?