Question

Olivia will deposit $1,530 in an account that earns 6% simple interest every year. Her sister
Melinda will deposit $1,500 in an account that earns 8% interest compounded annually. The
deposits will be made on the same day, and no additional money will be deposited or
withdrawn from the accounts. Which statement about the balances of Olivia's account and
Melinda's account at the end of 3 years is true?
A Olivia's account will have about $5.40 more than Melinda's account.
B Olivia's account will have about $84.17 more than Melinda's account.
C Melinda's account will have about $5.40 more than Olivia's account.
D Melinda's account will have about $84.17 more than Olivia's account.

Answer 1

D. Melinda's account will have about $84.17 more than Olivia's account.

Answer 2

Answer:

Olivia  275.4 and Melinda 360

Step-by-step explanation:

Olivia 1,530 x .06 = 91.8

91.8 x 3 = 275.4

Melinda 1,500 x .08 = 120

120 x 3 = 360

plz mark brainleist