Multiple Choice
Solve the problem.
-Kerry invests $362 in a savings account that earns 5.4% compounded annually. Andy invests $362 in a savings account that earns 7% compounded annually. How much is in each of their accounts
After 10 years and after 20 years?
A) Kerry: \$680.45; \$680.45
Andy:
B) Kerry:
Andy: \$712.11; \$1400.83
C) Kerry: \$581.13; \$983.29
Andy: \$665.52; \$1309.18
D) Kerry:
Andy: \$621.98; \$1068.68
Correct Answer:

Verified
Correct Answer:
Verified
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