Mathematics, 09.10.2019 15:00, itscheesycheedar

Ashley and elise each deposited $1500 into separate accounts. each account earned 4% interest over 8 years. at the end of 8 years, elise had earned more than ashley. why?

a.
elise earned compound interest, and ashley earned simple interest.

b.
elise earned simple interest, and ashley earned compound interest.

c.
elise had a different interest rate than ashley.

d.
elise invested for a different amount of time than ashley.

Answers: 3

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Ashley and elise each deposited $1500 into separate accounts. each account earned 4% interest over 8...