Mathematics, 09.02.2021 20:40 josebienka

Logan and Rita each open a savings account with a deposit of $8.100. Logan's account pays 5% simple interest annually. Rita's account pays 5% interest
compounded annually. If Logan and Rita make no deposits or withdrawals over the
next 4 years, what will be the difference in their account balances?

Logan and Rita each open a savings account with a deposit of $8.100. Logan's

account pays 5% simp

Answers: 2

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Logan and Rita each open a savings account with a deposit of $8.100. Logan's account pays 5% simple interest annually. Rita's account pays 5% interest compounded annually. If Logan and Rita make no deposits or withdrawals over the next 4 years, what will be the difference in their account balances?

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Logan and Rita each open a savings account with a deposit of $8.100. Logan's account pays 5% simple interest annually. Rita's account pays 5% interest
compounded annually. If Logan and Rita make no deposits or withdrawals over the
next 4 years, what will be the difference in their account balances?