Mathematics, 08.04.2021 19:10, 2965276513

You have $1000 to deposit for 3 years and two account options. The first earns you simple interest at a rate of 5% and the second earns you compound interest (compounded annually) at the same rate. Which account earns you more
money?
First account (simple interest)
Second account (compound interest)
They earn you the same
Not enough information to say

Answers: 2

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You have $1000 to deposit for 3 years and two account options. The first earns you simple interest a...