Jeremiah opened a savings account with a one time deposit of $500. His savings account will pay a 5% simple interest per year. His brother Brian opened another savings account with a one time deposit of $200. Brian’s savings account will pay 3% compounded annually. Who would earn the most interest, to the nearest dollar in 2 years?

7 answers

Jeremiah earns $50
Brian earns $12
Jeremiah earned $38 more than Brian

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