Mathematics, 04.04.2020 16:45 TombRaider167
Melisa has recently inherited $15,000 that she wants to deposit into a savings account for 10 years. She has determined that her two best bets are an account that compounds annually at a rate of 3.95% and an account that compounds continuously at an annual
rate of 3.85%. How much interest could Melisa gain after 10 years if she chooses the 3.85% account?
A. $22,097.15
B. $22,044.21
C. $7,097.15
D. $7,044.21
E. None of them
Answers: 1
-P
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Melisa has recently inherited $15,000 that she wants to deposit into a savings account for 10 years....
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