A public relations writer recieved a promotion that came with a $7,000 salary increase. The writer wants to invest the money in a savings account with an annual interest rate of 5.4% for 10 years. How much interest would the account earn with simple interest and with simple interest and with monthly compounded interest? A. The account will earn $3,870 in simple interest and $5,012.05 in compound interest, B. The account will earn $5,012.05 in simple interest and $3,870 in compound interest, C. The account will earn $3,780 in simple interest and $4,997.51 in compound interest, or D. The account will earn $4,997.51 in simple interest and $3,780 in compound interest?
A public relations writer recieved a promotion that came with a $7,000 salary increase. The writer wants to invest the money in a savings account with an annual interest rate of 5.4% for 10 years. How much interest would the account earn with simple interest and with simple interest and with monthly compounded interest?
A. The account will earn $3,870 in simple interest and $5,012.05 in compound interest, B. The account will earn $5,012.05 in simple interest and $3,870 in compound interest, C. The account will earn $3,780 in simple interest and $4,997.51 in compound interest, or D. The account will earn $4,997.51 in simple interest and $3,780 in compound interest?
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