Mathematics, 16.12.2020 17:50 jfkdhrmd

David deposited $550 in an account that earns 5% simple annual interest. Richey deposited $550 in an account that earns 5% annual compounded
annually. They leave the money with no withdrawals or deposits for 3 years.
Which statement is true about the two investments after 3 years?
A David will have $31.19 more in his account than Richey has in his
account
B Richey will have $123,69 more in his account than David has in his
account
C Richey will have $4.20 more in his account than David has in his account,
D David will have $82.50 more in his account than Richey has in his

Answers: 3

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David deposited $550 in an account that earns 5% simple annual interest. Richey deposited $550 in a...