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Ben is choosing between 2 savings accounts . Both accounts pay 3% interest. Account X pays compound interest. Account Y pays simple interest Ben should choose account X because?

Ben is choosing between 2 savings accounts Both accounts pay 3 interest Account X pays compound interest Account Y pays simple interest Ben should choose accoun class=

Respuesta :

the answer is D because the rate would increase overtime, means you’d get more money
D! Interests rate would increase over time!