Mathematics, 18.11.2020 01:00, giovney

Ingrid opened two new accounts. she deposited $450 into each account. account 1 earns 5% simple interest.
account 2 earns 4 3/4% interest compounded annually.

ingrid made no additional deposits or withdrawals. Which amount is closest to the difference in the interest that will be earned in these accounts at the end of 3 years?
A: $1.12
B: $3.71
C: $3.38
D: $0.28

Answers: 2

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Ingrid opened two new accounts. she deposited $450 into each account. account 1 earns 5% simple int...