8 5 points
Now, let's look at that the question for this problem
Joanna will deposit $1,530 in an account that earns 6% simple
interest every year. Her sister Zinaya will deposit $1,500 in an
account that earns 8% interest compounded annually. The
deposits will be made on the same day, and no additional money
will be deposited or withdrawn from the accounts. Which
statement about the balances of Joanna's accounts and Zinaya's
accounts at the end of the 3 years is true?
Who has more money in her account?
Calculate the difference between the sisters' account balances.
0 Joanna's account will have about $5.40 more than Zinaya's account.
0 Zinaya's account will have about $5.40 more than Joanna's account.