jason is going to invest $250 in a savings account and he plans to keep the money in the savings account for 3 years. the bank offers 2 savings accounts for 3 years. the bank offers 2 savings account account options, one that pays 2% interest compound annually and another that offers 2% simple interest. what would the difference in value between these options at the end of 3 years

Question

03-02-2021
Mathematics

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jason is going to invest $250 in a savings account and he plans to keep the money in the savings account for 3 years. the bank offers 2 savings accounts for 3 years. the bank offers 2 savings account account options, one that pays 2% interest compound annually and another that offers 2% simple interest. what would the difference in value between these options at the end of 3 years

Sagot :

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