Please review them, some may look the same-but they're surely different. @zaibali.qasmi @chantz417
This is the math section:)
right..!!!
@YanaSidlinskiy This is math lol.
@zaibali.qasmi Please explain why it wouldn't be A or B? O.o
it depends on 1st deposit..if 1st deposit is large then imterest rate wiill also be large and hence account grows fastly..!!
Wait, so it would be A? I'm confused now.
yes..you are right..
But you said I was right earlier, so Is it A, B, or C?
A and C both are true but A is most liely to be..sorrey i missed it up earlier..
so you aren't sure about the answer?
its A sure..
The interest rate does not change with the amount of money (generally speaking). In other words, you would get (for example) 5% whether you put in $10 or $100. that means you can cross off some of your choices
Then it has to be C , the more compounded= faster growing account. (That's the reasoning I'm using!)
@phi
compound interest or simple interest would have the same effect in this way: 5% of $100 is $5 5% of $1 is 0.05 (five cents) the amount of money went up $5 in the first account and only by a nickel in the second account (there is a saying, "It takes money to make money") yes, choice C is correct
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