Mathematics, 31.01.2020 04:49 tifftiff22
Lana and ron each opened a separate bank account with $1000. they were both offered a 4.5% interest rate for 2 years. after 2 years, lana’s account had more money than ron’s. what could explain the difference?
a. lana’s account earned simple interest; ron’s account earned compound interest.
b. lana invested funds for a longer time period.
c. lana’s account had a higher interest rate.
d. lana’s account earned compound interest; ron’s account earned simple interest.
Answers: 3
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Lana and ron each opened a separate bank account with $1000. they were both offered a 4.5% interest...
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