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OpenStudy (anonymous):
once account has a principal of $1000 and earns 4% simple interest per year. another account has the same principal but earns 4% compounded annually. Which account has a greater balance... explain
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OpenStudy (paki):
you see that compound interest yield better result than simple.. so you make more money in this... so obviously it will have greater balance... @noah4151
OpenStudy (anonymous):
thanks @paki
OpenStudy (paki):
pleasure :-)
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