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Mathematics, 13.05.2021 17:10 lilybrok04

Chris is going to deposit $500 dollars into a bank for 12 years. United Bank offers 4.0% simple interest and Safe Bank offers 3.6% compound interest. (The formulas are in #1)

a. Write the formula and state how much money Chris would have after the 12th year in
United Bank?

b. Write the formula and state how much money Chris would have after the 12th year in
Safe Bank?

ansver
Answers: 1

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Chris is going to deposit $500 dollars into a bank for 12 years. United Bank offers 4.0% simple inte...
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