Answer
The compound account earns more interest
Work Step by Step
$(1000 \times 0.06) \times 6 = 360$
$1000 + 360 = 1360$
$1000(1+\frac{0.06}{2})^{20}$
$1000(1.03)^{20}$
$1806.111235$
Prealgebra (7th Edition)
by Martin-Gay, Elayn
Published by
Pearson
ISBN 10:
0321955048
ISBN 13:
978-0-32195-504-3
Chapter 7 - Section 7.6 - Percent and Problem Solving: Interest - Exercise Set - Page 519: 39
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