Question

I need to see how this is answered.

1. Lauren deposited $200 into her savings account with 1% interest rate compounded annually. After 4 years her balance was $208.12. Colby deposited $200 into a savings account that earned a 2% simple interest rate for 4 years, who had the higher account balance

Answer 1

I = Prt
I = 200 * 0.02 * 4
I = 16

Answer 2

ms. sue, u did not answer that question right

Answer 3

What did I do wrong?

Answer 4

the question asks , who had the higher balance. u did not answer that

Answer 5

I gave Keith the information he needs to figure out the answer. I'm sure he's smart enough to do it.

Answer 6

u need to say that u haven't completely solved the question , u don't if he's smart or not

Answer 7

Let's wait for Keith to ask me.