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How to find compound interest Practice Test•3 Questions
Question
1 / 3
Q1
If a cash deposit account is opened with 
for a three year period at 
% interest compounded once annually, which of the following is closest to the positive difference between the interest accrued in the third year and the interest accrued in the second year?
If a cash deposit account is opened with
,
to invest. If he invests two-thirds of it into a high-yield savings account with an annual interest rate of 
, compounded quarterly, and the other third in a regular savings account at 
simple interest, how much does Jack earn after one year?