Which one among the following is the heaviest
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Jackie deposits $325 in an account that pays 4.1% interest compounded annually. How much money will Jackie have in her account after 3 years?
A=P(1+r)^t
Simon deposits $400 in an account that pays 3% interest compounded annually. What is the balance of Simon’s account at the end of 2 years?
I=Prt
I=12
Balance = P +Prt
412
Find the balance at the end of the second year.
I = Prt=12.36
Balance =P + Prt
424.36