Mathematics, 21.04.2021 17:10 Lewis5442

Account A and Account B both have a principal of $2,000 and an annual interest rate of 3%. No additional deposits or withdrawals are made. Account A earns simple interest. Account B earns interest compounded annually. Compare the amounts in the two accounts after 20 years. Which earns more interest? How much more? After 20 years, Account (A or B) will have earned $ more.
(I know the Account that would have earned more is B, so I just need help on how much more Account B would earn)

Answers: 2

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 13:30

There is diarrhea on the floor. what do i do? my mum gonna see that i diarrhea on the floor! * don't report, i'm serious! *

Answers: 1

Answer

Mathematics, 21.06.2019 19:50

If the scale factor between two circles is 2x/5y what is the ratio of their areas?

Answers: 3

Answer

Mathematics, 21.06.2019 21:20

The radius of the circle below intersects the unit circle at (3/5,4/5). what is the approximate value of theta? 0.6 radians 1.0 radians 36.9 degrees 53.1 degrees

Answers: 3

Answer

Mathematics, 21.06.2019 21:30

Every weekday, mr. jones bikes from his home to his job. sometimes he rides along two roads, the long route that is shown by the solid lines. other times, he takes the shortcut shown by the dashed line. how many fewer kilometers does mr. jones bike when he takes the shortcut instead of the long route?

Answers: 1

Answer

You know the right answer?

Account A and Account B both have a principal of $2,000 and an annual interest rate of 3%. No additi...

Questions

Mathematics, 26.01.2020 08:31

The formula for the area of a triangle is a=1/2bh solve the formula for h. a. h=2a-b b. h=2ab c. h=2a/b d. h=a/2b...

Mathematics, 26.01.2020 08:31

The parking lot next to a school is shaped like a trapezoid. the shorter base and the height are both 60 feet long. the longer base is twice as long a...