One year ago, Lindsey deposited $250 into a savings account. Her balance is now $253. Two years ago, Jenn deposited $250 into a

Question

ivolga24 [154]

1 year ago

9

One year ago, Lindsey deposited $250 into a savings account. Her balance is now $253. Two years ago, Jenn deposited $250 into a

savings account. Her balance is now $257.50. Which account has the greater simple interest rate? Explain.

Mathematics

2 answers:

ipn [44] · Answer 1 · 2023-10-14T15:24:30+03:00

ipn [44]1 year ago

4 0

Answer:

Jenn simple interest was 1.5% annually making Jenns account have the highest interest rate.

Step-by-step explanation:

Ray Of Light [21] · Answer 2 · 2023-10-14T16:25:43+03:00

Ray Of Light [21]1 year ago

4 0

Answer: I believe its Jenn because even though she waited longer to get the money she has/will get more money than is Lindsy will when she makes the 2-year mark

Step-by-step explanation: