Question

Please help me do question 13 thanks.

Answer 1

Account C,Account A, Account B

Explanation:

Account A

From the table P=$350

`r=4\%`

and

`t=5\:years`

We substitute into the formula to get:

`I=350*0.04*5=70`

Account A earns an interest of $70

Account B

We have P=$500,
`r=3.5\%` and t=5 years

We substitute to get:

`I=500*0.035*5=87.5`

Account B earns $87.5

Account C

We have P=$280,
`r=4.25\%`, and t=5 years

`\implies I=280*0.0425*5=59.5`

Account C earns $59.5

We now order the accounts from least to greatest earned.

Account C,Account A, Account B because 59.5<70<87.5