1PM
7. Steven put $10,000 into two different bank accounts. Each earns 5% interest but Account A is
compounded annually and Account B is compounded monthly.
a. Find the value of the money in Account A after 10 years.
205/
(2) (P)
b. Find the value of the money in Account B after 10 years.
BEJONIZA
PO 0+1 JO001-A
/N-0661-A
c. Which account earned more money?
d. How much more money did that account earn than the other account?
Po.oti
000/=
000/= A

Question

01-11-2022
Mathematics

Answered

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1PM
7. Steven put $10,000 into two different bank accounts. Each earns 5% interest but Account A is
compounded annually and Account B is compounded monthly.
a. Find the value of the money in Account A after 10 years.
205/
(2) (P)
b. Find the value of the money in Account B after 10 years.
BEJONIZA
PO 0+1 JO001-A
/N-0661-A
c. Which account earned more money?
d. How much more money did that account earn than the other account?
Po.oti
000/=
000/= A

Sagot :

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