Mathematics, 14.04.2021 23:50 windline829

Mary and Caroline invest $5000 into an account for 4 years. Mary’s account pays 5.5% simple interest. Caroline’s account pays 4.5% compound interest. PLEASE HELP
Mary's account will have saved after 4 years.

Caroline's account will have saved after 4 years.

Caroline thinks she will have the more money than Mary at the end of the 4 years. Is she correct?

Answers: 3

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Mary and Caroline invest $5000 into an account for 4 years. Mary’s account pays 5.5% simple interest...