marystew6657 marystew6657

13-08-2021
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Beatrice invests $1,330 in an account that pays 3 percent simple interest. How much more could she have earned over a 4-year period if the interest had been compounded annually

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AniqFazleyAbdeen AniqFazleyAbdeen

13-08-2021

Answer:

7.3$

Explanation:

Simple interest=1330*3%*4

159.6+1330=1489.6

compound interest

1496.93

therefore minus both answers and you will get the difference

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