you are given a choice of taki

timer Asked: Dec 21st, 2015

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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