asked 168k views
5 votes
Juan has $1000 that he would like to put in a savings account. The tables to the right show the balance over time in his account at two local banks.

After 12 years, how much more has Juan accumulated in Bank 2 than Bank 1? Round to the nearest dollar if necessary.

asked
User Odgrim
by
8.3k points

1 Answer

2 votes
put this in a calculator 1000(.01)^12
answered
User Chester Husk
by
8.5k points

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