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Melanie opens 2 bank accounts. In the first she deposits $1500, and earns 9% simple interest for 3 years. In the second she deposits $1500, and earns 7.5% interest, compounded annually, for 3 years. Which account has more money at the end of the 3 years?

User Raffffffff
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2 Answers

2 votes

Answer:

the first account

Explanation:

User Fetchez La Vache
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5 votes

The answer is:

1st Account.

User KeesDijk
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