SOLUTION: Preston received a paycheck for $900.00 and he wants to invest it in a savings account. A savings account at bank A earns 4% interest compounded monthly and a savings account at ba

Question 1139135: Preston received a paycheck for $900.00 and he wants to invest it in a savings account. A savings account at bank A earns 4% interest compounded monthly and a savings account at bank B earns 5% simple interest. If Preston plans to deposit the $900.00 and leave it in the account for 3 years, at which bank would he earn more interest?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Bank A:

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Bank B:

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Bank B earns the most interest
check the math

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