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Savings account at a bank pays 5% simple interest in account at Bank B pays 2% compounded interest the table shows the balance in each account after an initial deposit of $1000 which describes the balance after a long period of time

Respuesta :

Answer:

The balance in Bank B will be greater.

Step-by-step explanation:

Because simple interest is just interest on the principle only which is 50 every year doesn't change but with compound interest you will get 2% Interest every year.  principle+interest

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