Question

Two accounts earn simple interest. The balance y (in dollars) of Account A after x years can be modeled by y=10x+500. Account B starts with $400 and earns 5% simple annual interest. a. Which account has a greater principal? Question 2 How much greater is the principal? $ Question 3 b. Which account has a greater annual interest rate? Question 4 How much greater is the annual interest rate? %

Answer 1

Answer:

Step-by-step explanation:he amount of simple interest earned on an investment can be determined ... For example, for an annual interest rate of 5% compounded monthly, ... Rank these rates from greatest to least return on an investment of $20000 for a term of 2 years. ... savings account and invested the entire amount in a 10 year GIC that earned ...