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Lexi has 400 dollars to invest for 10 years in a saving account. Simple bank is offering a 10 year investment at 6% simple interest. Compound bank is offering an investment for the same number of years, but the interest is 5% compounded annually. In which bank should Lexi invest her money?

Lexi has 400 dollars to invest for 10 years in a saving account. Simple bank is offering-example-1

2 Answers

2 votes

Answer:

coumpound

Explanation:

User Seth
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4 votes
she shouls put her money into bank 2
User Roy Truelove
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8.8k points