Crestline Bank offers 3% simple interest on deposits. Mid City Bank offers 2% interest compounded annually. Jill deposits $3000 in Crestline Bank and Owen deposits $3000 in Mid City Bank. What is the difference in final balances for Jill and Owen at the end of 5 years?

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Crestline Bank offers 3% simple interest on deposits. Mid City Bank offers 2% interest compounded annually. Jill deposits $3000 in Crestline Bank and Owen deposits $3000 in Mid City Bank. What is the difference in final balances for Jill and Owen at the end of 5 years?

Mathematics
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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A. $177.82 B. $165.58 C. $150.00 D. $137.76
its not 150.00 cause I got it wrong and @Nnesha

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Other answers:

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P = original amount R = interest rate as a percentage T= time of investment
it would be option D. 137.76
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if you plug in the numbers into the compound interest formula and the simple interest formula, you will determine your answer
@Bella106 do you understand the differences with the formulas? do each separately then subtract to get the difference

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