Mathematics, 24.09.2019 21:00, Atromity
Tyler has $1000 that he wants to put in a savings account. he wants to save the money for 6 years. after 6 years he plans to take the money out and spend it on college. he looks at two different banks, and they offer him different interest options.
bank a offers tyler 4% simple interest. bank b offers tyler 3% interest compounded annually. how much would tyler’s investment be worth after 6 years in this account? show your calculations below.
Answers: 1
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Tyler has $1000 that he wants to put in a savings account. he wants to save the money for 6 years. a...
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