Question
Jeremy opened two saving accounts at the beginning of 2010, each with an initial deposit of $4,000. Account A earned simple interest, and account B earned interest that was compounded annually. By the end of 2012, which account earned more interest, and how much more interest did it earn?
A. Account A; $12.03
B. Account A; $47.25
C. Account B; $12.03
D. Account B; $47.25
A. Account A; $12.03
B. Account A; $47.25
C. Account B; $12.03
D. Account B; $47.25
Answers
Ms. Sue
And your answer is?