AIR MATH

Math Question

Ben deposits \( \$ 1,750 \) into each of two savings accounts.
- Account I earns \( 2.75 \% \) annual simple interest.
- Account II earns \( 2.75 \% \) interest compounded annually.
Ben does not make any additional deposits or withdrawals. Which amount is closest to the difference between the interest Ben will earn in Account I and the interest Ben will earn in Account II at the end of 2 years?
A \( \$ 96.25 \)
B \( \$ 1.32 \)
C \( \$ 97.57 \)
D \( 193.82 \)

Solution

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