8.12A Simple & Compound Interest 1.
Kelly deposits $600 into a new savings account that pays 4% simple interest
annually. Oscar deposits $600 into a new savings account that pays 4% interest
compounded annually. If both Kelly and Oscar leave their $600 deposits in their
accounts for 3 years, how much more will Oscar's deposit earn in interest than
Kelly's deposit?
A $1.96
B $2.92
C $50.92
D $74.92
2.
000