Question

Maya will deposit $1,650 in an account that earns 5% simple interest every year. Her brother, James, will deposit $1,600 in an account that earns 8% interest compounded annually. The deposits will be made on the same day, and no additional money will be deposited or withdrawn from the accounts. Compare and contrast the two siblings' accounts after four year

Answer 1

each year james gets 3% more interest than maya. over 4 years james gets 34% interest and maya gets 20%. over 4 years james gets 16% more than maya

Explanation:

Answer 2

each year james gets 3% more interest than maya. over 4 years james gets 34% interest and maya gets 20%. over 4 years james gets 16% more than maya. i hope i got it right haha