Question

Preston received a paycheck for $900.00 and he wants to invest it in a savings account. A savings account at bank A earns 5% interest compounded monthly and a savings account at bank B earns 6% simple interest. If Preston plans to deposit the $900.00 and leave it in the account for 3 years, at which bank would he earn more interest?
bank B
bank A

Answer 1

A.bank B
B.Bank A

Answer 2

@IQ250

Answer 3

Bank A give me a medal!

Answer 4

that's wrong