Mathematics, 22.07.2020 01:01, ashley110608
Tristan wants to buy a car and has a choice between two different banks. One bank is offering a simple interest rate of 3% and the other bank is offering a rate of 2.5% compounded annually. If Tristan decides to deposit $7,000 for 4 years, which bank would be the better deal?
Answers: 1
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