Mathematics, 07.10.2020 03:01 Giabear23
Susan invested $1,000 into an account that pays $50 in interest each year. Mary invested $1,000 into an account that pays 4% compound interest each year. If both girls leave the money in their accounts for 20 years, who will have the most money, and about how much more?
Susan’s account will exceed Mary’s account by about $191
Mary’s account will exceed Susan’s account by about $191
Susan’s account will exceed Mary’s account by about $229
Mary’s account will exceed Susan’s account by about $229
Answers: 2
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