A man wishes to invest $3500. He can buy savings bond which pay Simple Interest at the rate of 12% per annum or he can start a savings account which pays Compound Interest at the same rate. Calculate the

Enmanuel Duran asked Nov 11, 2023

206,129 views

26 votes

Enmanuel Duran asked Nov 11, 2023

2.9k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

23 votes

875 will be the difference in the amount

Wdg answered Nov 15, 2023

by Wdg

2.5k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers