Question

One year ago, Lindsey deposited $250 into a savings account. Her balance is now $253. Two years ago, Jenn deposited $250 into a savings account. Her balance is now $257.50. Which account has the greater simple interest rate? Explain.

Answer 1

Answer: I believe its Jenn because even though she waited longer to get the money she has/will get more money than is Lindsy will when she makes the 2-year mark

Explanation:

Answer 2

Jenn simple interest was 1.5% annually making Jenns account have the highest interest rate.

Explanation: