Asked by tledet24
What would be the difference at the end of one year between the simple interest earned on a deposit of $450 at 4.5% and the compound interest earned on $450 at 4.5% compounded annually?
$22.50
$22.25
$0
$20.25
$22.50
$22.25
$0
$20.25
Answers
Answered by
oobleck
since there is a single period of interest, the amounts are the same.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.