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Ben is choosing between two savings accounts. Both accounts pay 3% interest. Account X pays compound interest. Account Y pays simple interest. Ben should choose account X because A) the interest would be tax free. B) it would pay interest on interest. C) the interest rate would decrease over time. D) the interest rate would increase over time.

2 Answers

4 votes
i think the answer is d


User RVr
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8.5k points
7 votes
im not sure if im right but i think its either b or c both
sorry if i get it wrong and hope i helped :)
User Nicola Di Lillo
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8.2k points