Mathematics, 29.02.2020 00:20, SmartScholar4094

1. Andrew deposits $300 into an account that
earns 2% interest each year. After the first
year, Andrew has $306 in the account. After
the second year, Andrew has $312 in the
account, and after the third year, Andrew has
$318 in the account.
Is this simple or compound interest?

Answers: 1

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Do you know the correct answer?

1. Andrew deposits $300 into an account that
earns 2% interest each year. After the first