In the past, Sam cashed his paycheck each month at Ready Cash, a check cashing service that charges a 5% fee. He recently opened a checking account at Bank of America so he can now
deposit and/or cash his paycheck without a fee. If Sam is making $28,500 per year, how much will
he save by not going to Ready Cash anymore?

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rick has $1400 and sally has $1500

step-by-step explanation:

to find amount of money rick has after 10 years :

principal = $1000 , time = 10 years , rate = 4% annually

to find amount of money sally has after 10 years :

her friend gives to pay her $50 per year, therefore money she has after 10 years = 50 × 10 = $500

also, sally gets $1000 after 10 years,

therefore, total amount of money sally has after 10 years = 500 + 1000 = $1500

so, after 10 years : rick has $1400 and sally has $1500