Asked by Keith

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
Answered by Ms. Sue
I = Prt
I = 200 * 0.02 * 4
I = 16


Answered by anonymous
ms. sue, u did not answer that question right
Answered by Ms. Sue
What did I do wrong?
Answered by anonymous
the question asks , who had the higher balance. u did not answer that
Answered by Ms. Sue
I gave Keith the information he needs to figure out the answer. I'm sure he's smart enough to do it.
Answered by anonymous
u need to say that u haven't completely solved the question , u don't if he's smart or not
Answered by Ms. Sue
Let's wait for Keith to ask me.

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