Business, 25.10.2021 18:00, jayy1474

Tamika has $2,000 she wants to save. She has two options: • She could save at a bank for 3 years with a fixed simple interest rate of 9%.
• She could save at a credit union for 3 years with an 8.8% fixed interest rate compounded annually.
Which answer correctly compares the total return Tamika would receive with the simple interest from the bank and the compounded interest from the credit union?

Answers: 2

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Tamika has $2,000 she wants to save. She has two options: • She could save at a bank for 3 years w...