23 Cameron deposits 120 000 in a bank account that earns 0 5 interest compounded...

80.2K

Verified Solution

Question

Geometry

image

23 Cameron deposits 120 000 in a bank account that earns 0 5 interest compounded yearly At the same time John deposits 135 000 in another bank account that earns 0 4 interest compounded yearly After one year who earns a greater amount of interest How much more He earned earns more interest 0 more dollars after one year

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students