Compound Interest Folio

Introduction
For this task we were

Analysis/Discussion
After ten years the simple interest account had a final amount of three thousand, one hundred
and fifty and earned one thousand, one hundred and fifty dollars in interest while the compound
interest account finished with three thousand, two hundred and eleven dollars and earned one
thousand, two hundred and eleven dollars in compound interest. So in the end a compound
interest account would be the way to go if you wanted to keep the money in the account over a
longer period of time, but if you wanted to keep the money in the simple interest account in the
space of one to four years, it would have greater benefits as more money would be added
because of interest.