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Ben is choosing between 2 savings accounts . Both accounts pay 3% interest. Account X pays compound interest. Account Y pays simple interest Ben should choose account X because?
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8 votes
8 votes
Ben is choosing between 2 savings accounts . Both accounts pay 3% interest. Account X pays compound interest. Account Y pays simple interest Ben should choose account X because?

Ben is choosing between 2 savings accounts . Both accounts pay 3% interest. Account-example-1
User Theresa Forster
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2 Answers

22 votes
22 votes
D! Interests rate would increase over time!
User GLA
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28 votes
28 votes
the answer is D because the rate would increase overtime, means you’d get more money
User Jcwayne
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