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Scenario: Wendy and John Each Deposit $2,000 in a Bank

Question 58

Multiple Choice

Scenario: Wendy and John each deposit $2,000 in a bank account at different rates of interest. Wendy receives interest on her deposit at an annual rate of 6 percent, while John receives interest at an annual rate of 9 percent.
-Refer to the scenario above.What will be the difference between the future values of John's deposit and Wendy's deposit after 1 year?


A) $10
B) $40
C) $60
D) $100

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