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  • 02-05-2024
  • Business
Answered

Ella has $950 to deposit into two different savings accounts Ella will deposit $550 into Account I, which earns 2% annual simple interest. She will deposit $400 into Account.II, which earns 1.75% interest compounded annually Ella will not make any additional deposits or withdrawals. Which of the accounts will earn Ella the most interest after 4 years?
A. ACCOUNT I
B. ACCOUNT II



Answer :

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