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 accou 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 amount of money in Gina's account compare to the amount of money in Darcy's account after tyears?
O A It will be $3,980 more than the amount in Darcy's account.
B. It will be $4,000 more than the amount in Darcy's account.
C It will be 4 times greater than the amount in Darcy's account.
D. It will be 5 times greater than the amount in Darcy's account.