3 Otis has saved $18,500 so far to buy a
house. He can put this amount into an
account that e...
Mathematics, 25.03.2021 01:00 RainaJade6004
3 Otis has saved $18,500 so far to buy a
house. He can put this amount into an
account that earns 5.1% simple interest,
or another with 5.1% compounded
annually. Which method of earning
interest should he choose, simple or
compound, and how much more interest
will the account earn using that method
after 4 years?
F Compound interest; $15,106.30
G Simple interest; $15,106.30
H Simple interest; $298.65
J Compound interest; $298.65
Answers: 3
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