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Account A and Account B both have a principal of $1,000 and an annual interest rate of 4%. No additional deposits or withdrawals are made. Account A earns simple interest. Account B earns interest compounded annually. Compare the amounts in the two accounts after 20 years. Which earns more interest? How much more?

User Sam Su
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Account A
Total-$1800
Interest-$800

Account B-
Total-$2191.12
Interest-$1191.12

Account B by $391.12
User Trent Tamura
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