Nick invests $3,500 in an account earning 11% interest compounded annually. krista invests $4,000 in an account earning 4% interest compounded annually. who will have more money in their account after 2 years? how much more? a. nick will have earned $14.05 more than krista after 2 years. b. krista will have earned $14.05 more than nick after 2 years. c. nick will have earned $50 more than krista after 2 years. d. krista will have earned $50 more than nick after 2 years.

The correct option is B. Krista will have earned $14.05 more than Nick after 2 years.

Step-by-step explanation:

Compound Interest for Nick :

Principal = $3500

Time = 2 years

Rate of Interest = 11%

n = No. of times the interest is compounded annually

⇒ n = 1

Compound Interest for Krista :

Principal = $4000

Time = 2 years

Rate of Interest = 4%

n = No. of times the interest is compounded annually

⇒ n = 1

Thus, Krista have earned more by 4326.40 - 4312.35 = $14.05

Hence, The correct option is B. Krista will have earned $14.05 more than Nick after 2 years.

the probability is 0

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