![subject](/tpl/images/cats/mat.png)
Mathematics, 12.04.2021 14:00 rickyg1354
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
no
![ansver](/tpl/images/cats/User.png)
Answers: 1
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Otis has saved $18,500 so far to buy a
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