Mathematics, 24.05.2021 20:20 johnross17
Problem
Abraham will deposit $1,760 in an account that earns 6% simple interest every year. His brother, Mahammed, will deposit $1,700 in an account
that earns 8% interest compounded annually. The deposits will be made on the same day, and no additional money will be deposited or
withdrawn from the accounts. Which statement about the balances of Abraham's account and Mahammed's account at the end of 2 years is
true?
A
Mahammed's account will have about $0.80 more than Abraham's account.
B
Abraham's account will have about $11.68 more than Mahammed's account.
С
Mahammed's account will have about $11.68 more than Abraham's account.
D Abraham's account will have about $0.80 more than Mahammed's account.
Answers: 2
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Abraham will deposit $1,760 in an account that earns 6% simple interest every year. His bro...
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