Abanker offers customers a savings account that pays interest at a rate of 5% and is compounded quarterly. if a customer deposits $2500 into a savings account for five years , about how much more interest will he earn than if he deposits the same principal into an account that pays simple interest at 5% for 5 years ?

Quarterly compounding after 5 years nets $4,133.24 in compounded interest.

As for simple interest, I made an assumption that there was a 5% per quarter interest.

20% (5yrs * 4 qtrs.) gives total interest on $2,500 in the amount of $500.

Difference is $3,633.24

option a is correct.

step-by-step explanation:

scale factor: it is used to find proportional measurements.

proportions means having the same ratio.

scale factor is the ratio of the model measurement to the actual measurement in a simplest form.

or we can say that the ratio of any two corresponding lengths in two similar geometric figures

if the scale factor is more than 1, then it is an enlargement,

if the scale factor less than 1, then it is a reduction.

given the two geometric figure:

by definition of proportions, we have

step-by-step explanation:

idk the answer i want to say 10 but then it would be equal so try 9 but then yeah so yeah we love edgen