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3 votes
Lana and Ron each opened a separate bank account with $1000. They were both offered a 4.5% interest rate for 2 years. After 2 years, Lana’s account had more money than Ron’s. What could explain the difference?

A.Lana’s account earned simple interest; Ron’s account earned compound interest.


B.Lana invested funds for a longer time period.


C.Lana’s account had a higher interest rate.


D.Lana’s account earned compound interest; Ron’s account earned simple interest.

User Sylca
by
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1 Answer

3 votes
i think the answer is D, simple intrest stays the same
User Robert Dale Smith
by
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