Mathematics, 28.04.2021 05:00, chavez0

Lila plans to open an account with a deposit of $12,000. She plans to invest the money for 8 years in one of the following accounts: An account that pays an annual simple interest of 7.5%, or
An account that pays 6% interest compounded annually.
If Lila invests in the account that will earn her more interest over these 8 years, how much interest will she earn?

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Lila plans to open an account with a deposit of $12,000. She plans to invest the money for 8 years i...