Answer:
Simple Interest : $2907 (total value of account)
Compound Interest : $3304.69 (total value of account)
Step-by-step explanation:
Simple Interest = Principal * (1 + rate * time)
SI = 1800 * (1 + 0.0246 *25)
SI = $2907
Compound Interest = Principal (1 + rate/times applied over period)^ times applied over period*timer
CI = 1800 (1 + 0.0246/1)^25/1)
CI = $3304.69
