Trisha plans to invest $1,800.00 in a savings account. Savings account 1 earns 6% simple interest and savings account 2 earns 6% interest compounded quarterly. If she plans to deposit the $1,800.00 and leave it in the account for 2 years, in which savings account would she earn more interest?
A.
The interest earned in both savings accounts will be the same.
B.
savings account 2
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Trisha plans to invest $1,800.00 in a savings account. Savings account 1 earns 6% simple interest and savings account 2 earns 6% interest ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Mathematics » Trisha plans to invest $1,800.00 in a savings account. Savings account 1 earns 6% simple interest and savings account 2 earns 6% interest compounded quarterly. If she plans to deposit the $1,800.