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Benjamin deposit $3,000 into each of two savings accounts the first savings account pays 5% interest compounded annually the second savings account pays 5% simple interest annually if Benjamin makes no other deposits or withdrawals what will be the difference between the interest earned by the two savings accounts after 4 years?

A) $46.52
B) $28.8
C) $646.52
D) $3,046.52

User Not Sure
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1 Answer

4 votes

Answer:

The answer is B

Explanation:

User Djuna
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