einalem5665 einalem5665

24-03-2021
Mathematics

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⚠️Suppose you have two savings accounts, both with a principal of $200 and an interest rate of 3%, but one earns simple interest and one earns interest compounded annually. How much would you earn in the simple interest account after 10 years?⚠️

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il307298 il307298

26-03-2021

Answer: 60 I think

Step-by-step explanation: 200 dollar multiply by 0.03 then times 10.

3% is equal to 0.03 and by ten years means to multiply.

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