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Melisa has recently inherited $15,000 that she wants to deposit into a savings account for 10 years. She has determined that her two best bets are an account that compounds annually at a rate of 3.95% and an account that compounds continuously at an annual rate of 3.85%. How much interest could Melisa gain after 10 years if she chooses the 3.95% account?

A. $22,097.15
B. $22.044.21
C. $7,097.15
D. $7,044.21
E. None of them

1 Answer

6 votes

Answer:

i would say none of them because i am on year one and it is already over the amount in the answer choices

Explanation:

User Miqdad Ali
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