Register

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 X pays compound interest. Account Y pays simple interest Ben should choose account X because?…
1.4k views
0 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 RTBarnard
by
8.4k points

2 Answers

3 votes
D! Interests rate would increase over time!
User Eferion
by
8.2k points
5 votes
the answer is D because the rate would increase overtime, means you’d get more money
User Neal Richardson
by
9.0k points
← Prev Question Next Question →

No related questions found

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

9.4m questions

12.2m answers

Categories

Other Questions

What goal of the constitution was also a goal of the Magna Carta?
is it true or false that after the american revolution conflicts in the northwest territory erupted between remaining british soldiers and native americans
Who made dutch claims in north america?
Link Copied!