Logan and Rita each open a savings
account with a deposit of $8,100.
Logan's account pays 5%...
Mathematics, 26.03.2021 23:10 rhahgvnbhgfHhdj200
Logan and Rita each open a savings
account with a deposit of $8,100.
Logan's account pays 5% simple
interest annually. Rita's account pays
5% interest compounded annually. If
Logan and Rita make no deposits or
withdrawals over the next 4 years,
what will be the difference in their
account balances?
A $104.05
B $113.22
C $125.60
D $134.89
Answers: 1
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