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

Question 26

Multiple Choice

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 future value of Wendy's deposit after 3 years?


A) $2,150.91
B) $2,278.64
C) $2,382.03
D) $2,764.12

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