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Mathematics, 31.10.2020 05:50 jblac
Classmates Isabella, Destiny, and Jana each received $500 as a graduation gift. Isabella deposits her
money in an account that earns 8% interest compounded annually and keeps the money in the account
for three years. Destiny deposits her money, plus an extra $50, in an account that earns 9% interest
compounded annually and keeps the money in the account for two years. Jana deposits her money in an
account that earns 7% compounded annually and keeps the money in the account for one year. Who has
the most money when they close their accounts and why?
1. Destiny has the most because the interest is the highest.
2. Jana has the most because she invested the most.
3. Isabella has the most because she kept money in the longest.
4. They all make the same amount
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Answers: 1
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Classmates Isabella, Destiny, and Jana each received $500 as a graduation gift. Isabella deposits he...
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