asked 130k views
3 votes
H e l p

Zayn plans to deposit $850 into a savings account that pays 2.4% interest compounded annually. Angelo plans to deposit $860 into an account that pays 2.4% simple interest. They both plan to leave the money invested for 4 years. How much more money will Zayn have than Angelo at the end of the 4 years?

2 Answers

5 votes

Answer:

zayn- 934.58

angelo- 880.64

Explanation:

answered
User Leeuwtje
by
8.4k points
2 votes

Answer:

Zayn= $928.72

Angelo= $880.64

Zayn has 48.08 more than Angelo.

Explanation:

answered
User Alexpov
by
8.1k points
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