Question

If $1200 is deposited in the account that pays 6.5% interest what is the difference in the amount after four years between the amount earned if the principle is compounded annually and the amount earned calculated using simple interest?

$3.20
$15.12
$23.54
$31.76

Answer 1

d 31.76$ will be deducted

Answer 2

It's $3000 is deposited in account that pays 5% interest what is the difference in the amount after four years between the amount earned if that principal is compounded annually in the amount earned calculated using simple interest?

$30.72
$41.46
$46.52
$53.76

Answer 3

c$46.52

Answer 4

hey dude when your done do you mind medaling?

Answer 5

Thank you