Mathematics, 13.04.2021 20:00 TheOriginal2x
The table gives the value of Bianca's savings account at the end of each of the
first four years.
Time
(years)
0
Total Investment
Value($)
1250.00
1
2
1300.00
1352.00
1406.08
1462.32
3
4
Which best describes the terms of this investment?
a. $1250 invested at 4% compound interest
b. $1250 invested at 4% simple interest
c. $1300 invested at 4% compound interest
d. $1300 invested at 4% simple interest
Answers: 1
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The table gives the value of Bianca's savings account at the end of each of the
first four years.
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