ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who would earn more interest?
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Sam invests $300 in a simple interest account earning 2.5% interest for 8 years.
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Diane invests $300 in a compound interest account earning 2.5% interest for 8 years.
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Woody saves $300 under his bed.
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Frasier invests $200 in a compound interest account earning 5% interest for 2 years.
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Explanation:
There is 1 question to complete.