Darcy and Gina each put money into a savings account. This formula can be used to find the amount of money, A, In each of their savings accounts after t years, where P is the initial amount of money that was put in the account.
A = P(1.02)
The initial amount that Darcy put in her account was $1,000. The initial amount that Gina put in her account was $5,000.
How will the money in ginas account compare to the amount of money in Darcy’s account after T years?