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24-03-2021
Mathematics

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Trisha plans to invest $1,800.00 in a savings account. Savings account 1 earns 6% simple interest and savings account 2 earns 6% interest compounded quarterly. If she plans to deposit the $1,800.00 and leave it in the account for 2 years, in which savings account would she earn more interest?

Respuesta :

25-03-2021

Answer:

Savings Account (2)

Step-by-step explanation:

Savings Account (1) 1,800.000(1+.06x2)=$2016

6%-.06

Savings Account (2) 1,800.000(1+.06)² =$2022.48

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