5 Susie wants to deposit $6,000 into a savings account and plans to leave her money in the account for 10 years. The bank offers two types of savings accounts. ● Account 1: offers 4.5% simple interest
● Account 2: offers 4% interest compounded annually
Which statement about the savings accounts is true?
A Susie should invest her money in Account 1 because the account will earn $300.00 more in interest than Account 2 after 10 years.
B Susie should invest her money in Account 1 because the account will earn $436.35 more in interest than Account 2 after 10 years.
C Susie should invest her money in Account 2 because the account will earn $617.82 more in interest than Account 1 after 10 years.
D Susie should invest her money in Account 2 because the account will earn $181.47 more in interest than Account 1 after 10 years.

Option D

Explanation:

step 1

Account 1

The simple interest formula is equal to

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest  

t is Number of Time Periods

in this problem we have

substitute in the formula above

step 2

Account 2

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute in the formula above

step 3

Find the difference

therefore

Susie should invest her money in Account 2 because the account will earn $181.47 more interest than Account 1 after 10 years

it was certainly a debatable decision, mainly because it was based primarily on political - and not on legal or social - views. since the congress at that time was led by members of the republican party, and the territory that the tribes wanted to turn into an exclusively indian state was predominantly democratic, the proposal (as expressed in the constitution) did not succeed, but the constitution itself proved to be of crucial importance in the creation of the state of oklahoma, and, most importantly, it guaranteed the involvement of representatives of the indian tribes in the government of the future joint state.  

as a member of congress, i would have voted to ratify the constitution, or at least to have it tabled. ignoring it was an interested and partial decision.