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22-04-2021
Mathematics

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Jaxon deposits $600 in an account that earns 2.5% simple interest. Emily deposits $600 in an account that earns 5% interest compounded annually. Who has more money when they close their account at the end of 3 years?

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ngp81010 ngp81010

22-04-2021

Answer:

Emily has more money

Step-by-step explanation:

She has more because if you divide the money by the percentage she will end up with more money

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