Mathematics, 09.12.2021 23:00 aurorasweetpea610
Linda deposits $90,000 into an account that pays 6% interest per year, compounded annually.
Bob deposits $90,000 into an account that also pays 6% per year. But it is simple interest.
Find the interest Linda and Bob earn during each of the first three years.
Then decide who earns more interest for each year.
Assume there are no withdrawals and no additional deposits.
Answers: 2
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Linda deposits $90,000 into an account that pays 6% interest per year, compounded annually.
Bob de...
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