Mathematics
Mathematics, 06.05.2021 01:00, smarty5187

simon will deposit $250 into two savings accounts. account 1 earns 1.6% interest compounded annually. account 2 earns 1.6% simple annual interest. if simon makes no additional deposit or withdrawals, which account is closest to the difference in the interest that the account will have earned at the end of 10 years. A. $253.01 B.$43.01 C.$83.01 D.$3.01

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simon will deposit $250 into two savings accounts. account 1 earns 1.6% interest compounded annually...

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