Compare simple interest at 7.5% and compound interest at seven percent when at 4300 as invested for 2 years determine which interest earning type will be resulted in higher balance find this balance
Simple interest at 7.5 results in higher balance of 4945 after 2 years of investment
Simple interest at 7.5% results in a higher balance of 4923.07 after 2 years of investment
Simple interest at 7.5% results in a higher balance of 645 after 2 years investment
Composed interest at 7% results in a higher balance of 4945 after 2 years of investment