George is considering two different investment options the first option offers 7.4% per year simple interest on the initial deposit the second option offer a 6.5 interest rate but is compounded quarterly he may not withdraw any of the money for three years after the initial deposit once the minimum of three years is weeds he can choose to withdraw his money or continue to collect interest suppose that just opened one of each type of account and deposit $10,000 into each

rick has $1400 and sally has $1500

step-by-step explanation:

to find amount of money rick has after 10 years :

principal = $1000 , time = 10 years , rate = 4% annually

to find amount of money sally has after 10 years :

her friend gives to pay her $50 per year, therefore money she has after 10 years = 50 × 10 = $500

also, sally gets $1000 after 10 years,

therefore, total amount of money sally has after 10 years = 500 + 1000 = $1500

so, after 10 years : rick has $1400 and sally has $1500

5

step-by-step explanation: