Monday
September 22, 2014

Homework Help: Simple & Compounding Interest

Posted by Need Help!!! on Friday, April 27, 2012 at 10:32am.

I am SO STUCK on this problem... PLEASE HELP ASAP!!!
Suppose Kevin and Jill both deposit $4000 into their personal accounts. If Kevinís account earns 5% simple interest annually and Jillís earns 5% interest compounded annually, how much will each account balance show at the end of 5 years? Calculate the difference between each account.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Simple & Compounding Interest - Suppose Kevin and Jill both deposit $4000 into ...
Math - Suppose Kevin and Jill both deposit $4000 into their personal accounts. ...
Math - If you deposit P dollars into a bank account paying an annual interest ...
algebra - Bob has $4000 invested in an account that earns 4.75% simple interest...
math - Suppose $500 is divided into two bank accounts. One account pays 15% ...
Last math problem help - Mr. Jarvis invested a total of 10,437 in two savings ...
College level math - Suppose you deposit $100 in an account that earns 0.5% each...
algebra - A total of $6200 is deposited into two simple interest accounts. On ...
College Algebra~ Check answer please - Can someone check my answers please. The ...
Math - Suppose you deposit $400 in an account that earns 0.75 percent each ...

Search
Members