# you are given a choice of taki

Sigchi4life
Category:
Algebra
Price: \$5 USD

Question description

you are given a choice of taking the simple interest on \$100,000 invested for 2 years at a rate of 3% or the interest on \$100,000 invested for 2 years at an interest of 3% compounded daily. Which investment earns the greater amount of interest? Give the difference between the amounts of interest earned by the two investments.

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