well, either
#1 < #2
or
#1 > #2
suppose you put money into teo different bank accounts. In account #1 you deposit $500 and you will be earning 6% interest compounded quarterly. in account #2 you deposit $600 and you will be earning 5% interest compounded annually. Which statement below best describes the relationship between the amount if money in account #1 and account #2 after 10 years have passed. Assume that during these years you will not withdraw any money
PLEASE HELP I DON'T UNDERSTAND
4 answers
A:) Account #1 will have approximately $397 less than Account #2.
B:) Account #1 will have approximately $82 more than Account #2.
C:) Account #1 will have approximately $70 less than Account #2.
D:) Account #1 and Account #2 will have approximately the same amount of money in them.
Assuming you have the same choices as me, the answer is:
C:) Account #1 will have approximately $70 less than Account #2.
I got it right.
B:) Account #1 will have approximately $82 more than Account #2.
C:) Account #1 will have approximately $70 less than Account #2.
D:) Account #1 and Account #2 will have approximately the same amount of money in them.
Assuming you have the same choices as me, the answer is:
C:) Account #1 will have approximately $70 less than Account #2.
I got it right.
anser is d
Murkle is right, the answer is C.
2 answers