Mathematics, 09.05.2021 01:20 Quidlord03

Erik deposited $3,000 into a savings account that earns 5% simple Interest. He also deposited $3,000 into a savings account that earns 5% compound interest.

How much is the difference between the account balances after 3 years?

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Erik deposited $3,000 into a savings account that earns 5% simple Interest. He also deposited $3,0...

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Erik deposited $3,000 into a savings account that earns 5% simple Interest. He also deposited $3,000 into a savings account that earns 5% compound interest. How much is the difference between the account balances after 3 years?

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Another question on Mathematics

Erik deposited $3,000 into a savings account that earns 5% simple Interest. He also deposited $3,000 into a savings account that earns 5% compound interest.

How much is the difference between the account balances after 3 years?