# simple interest and compound interest [Pending...]

Advin has $1500 to invest in one of the following ways.  Account A paying simple interest at a rate of 4.1 % per year.  Account B paying Compound interest at a rate of 3.3% per year. Which account will be worth more after 3 years and by how much? ### Relevant page Simple Interest Calculator - WebMath ### What I've done so far i dont understand what to do.. X Advin has$1500 to invest in one of the following ways.
 Account A paying simple interest at a rate of 4.1 % per year.
 Account B paying Compound interest at a rate of 3.3% per year.
Which account will be worth more after 3 years and by how much?
Relevant page

<a href="http://www.webmath.com/simpinterest.html">Simple Interest Calculator - WebMath</a>

What I've done so far

i dont understand what to do..

## Re: simple interest and compound interest

Tell me what your lesson notes or textbook say about Simple and Compound Interest!

X

Tell me what your lesson notes or textbook say about Simple and Compound Interest!

You need to be logged in to reply.

## Related Basic Algebra questions

• How do I calculate the length of wire on a tubular ceramic form? [Solved!]
I need to calculate the total length of wire required for a wire wound resistor...
• Manipulating algebra fractions [Solved!]
when solving the right hand side of an equation (fluid flow ) from sqrt(25/(1-(x^4/0.1^4))) goes to -sqrt(25/(1-10000X^4)) this...
• Absolute value [Solved!]
If x = -|w|, which of the following MUST be true A. x=-w B. x=w C. x^2=w D. x^2=w^2 E....
• order of operations [Solved!]
As the kids always say - this is probably a stupid question - but how...
• Reciprocals [Solved!]
I am doing some problems with amateur radio where they ask for the "reciprocal of...

Search IntMath