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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1.       Simple Interest versus Compound Interest   First City Bank pays 7 percent simple interest on its savings account balances, whereas Second City Bank pays
6Â Â Â Â Â Â Â Â Â Â Â Â percent interest compounded annually. If you made a $6,000 deposit in each bank, how much more money would you earn from your Second City Bank account at the end of nine years?
Â
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