if you can read english and you are good at math,please help me out with my math homework!
1.1.suppose you invest $1000 for five years at 6% simple interest.How does the simple interest compare to the compound interest?
2.find the amount of money in a savings account if $1000 is invested for five years at 6% interest compounded quarterly.
3.suppose you leave $100 in each of three bank accounts paying 5% interest per year.one account pays simple interest,one pays interest compounded semiannually ,and one pays interest compounded quarterly.find the amount of money in each account after three years.
i understand what it is talking about...