Join IDNLearn.com today and start getting the answers you've been searching for. Ask any question and receive comprehensive, well-informed responses from our dedicated team of experts.
Juan will deposit $1.250 in an account that earns 3% simple interest every year. His brother Pedro will deposit $1,000 in an account that earns 5% interest compounded
annually. The deposits will be made on the same day, and no additional money will be deposited or withdrawn from the accounts. Which statement about the balances of
Juan account and Pedro account at the end of 4 years is true?
A) Juan's account will have about $184.49 more than Pedro's account.
B) Juan's account will have about $1065,51 more than Pedro's account.
c) Pedro's account will have about $1065.51 more than Juan's account
D) Pedro's account will have about $184.49 more than Juan's account.
We value your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Your search for solutions ends here at IDNLearn.com. Thank you for visiting, and come back soon for more helpful information.
