Question

Roxanne invests $4.000 into an account that pays 4% simple interest. Roger invests the same amount of money with the same rate, but the

Interest is compounded annually. What will be the difference in Roxanne's and Roger's accounts after five years if no additional amounts are
deposited? Round to the nearest cent.

Answer 1

Explanation:

What grade?

Answer 2

$67

Explanation:

4000 for 4% equal $160/year total in 5 year equal $4800

the other one 4160 1 year, 4327 2 year, 4500 3 year, 4680 4 year, 4867 5 year the difference is $67 more has Roger than Roxanne