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Solve the Problem $772.56;$1079.28\$ 772.56 ; \$ 1079.28 Andy $900.78;$1467.27\$ 900.78 ; \$ 1467.27

Question 96

Multiple Choice

Solve the problem.
-Kerry invests $553 in a savings account that earns 3.4% compounded annually. Andy invests $553 In a savings account that earns 5% compounded annually. How much is in each of their accounts After 10 years and after 20 years?


A) Kerry: $772.56;$1079.28\$ 772.56 ; \$ 1079.28
Andy: $900.78;$1467.27\$ 900.78 ; \$ 1467.27

B) Kerry: $747.15;$1043.80\$ 747.15 ; \$ 1043.80
Andy: $857.88;$1397.40\$ 857.88 ; \$ 1397.40

C) Kerry: $825.98;$825.98\$825.98; \$825.98
Andy: $993.11;$993.11\$ 993.11 ; \$ 993.11

D) Kerry: $722.59\$ 722.59 ; $944.18\$ 944.18
Andy: $817.03;$1207.13\$817.03; \$1207.13

Correct Answer:

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