Lat math question for some days. Can y'all help?

Huan deposited $850 into a college
savings account earning 4.8% interest
compounded annually. He also deposited
$850 into a second account earning 4.8%
simple interest. He made no additional
deposits. After 10 years, which account earned more interest? How much more?

A The account with compounded interest earned
$1,0004.10 more interest.
B The account with the simple interest earned
$1,004.10 more interest.
C The account with the simple interest earned
$100.41 more interest.
D The account with compounded
interest earned $100.41 more
interest.

I know the answer has to be A or D...but I can't really figure it out. Am I right and if I am show me how to solve this. Thanks in advance!

  1. 0
  2. 0
  3. 19
asked by DerpyPegasus33
  1. Didn't you get an answer last time:
    http://www.jiskha.com/display.cgi?id=1416267535

    1. 0
    2. 0
    posted by MathMate
  2. Oops probably forgot to check it. Thanks MathMate!

    1. 0
    2. 0
    posted by DerpyPegasus33
  3. No problem!

    1. 0
    2. 0
    posted by MathMate

Respond to this Question

First Name

Your Response

Similar Questions

  1. math

    Huan deposited $850 into a collegesavings account earning 4.8% interestcompounded annually. He also deposited$850 into a second account earning 4.8%simple interest. He made no additionaldeposits. After 10 years, which account

    asked by mr.E on November 17, 2014
  2. MATH HELP! Complex Interest

    Huan deposited $850 into a collegesavings account earning 4.8% interestcompounded annually. He also deposited$850 into a second account earning 4.8%simple interest. He made no additionaldeposits. After 10 years, which account

    asked by DerpyPegasus33 on December 9, 2014
  3. Pre-Algebra can you please help?!

    Lester deposited $400 into a savings account earning 4.5% simple interest, and $450 into an investment account earning 3.2% interest compounded annually. What was the total interest he earned in 3 years? A $986.00 B $89.06 C $9.60

    asked by DerpyPegasus33 on December 10, 2014
  4. Can you help me with this math problem? ASAP plz!

    Lester deposited $400 into a savings account earning 4.5% simple interest, and $450 into an investment account earning 3.2% interest compounded annually. What was the total interest he earned in 3 years? A $986.00 B $89.06 C $9.60

    asked by DerpyPegasus33 on December 10, 2014
  5. math (algebra 1)

    help please, i need help on this question wendy deposited $60 in a savings account earning 10% interest, compounded annually. To the nearest cent, how much interest will she earn in 3 years?

    asked by neo on March 30, 2016
  6. Math

    I need to see how this is answered. 1. Lauren deposited $200 into her savings account with 1% interest rate compounded annually. After 4 years her balance was $208.12. Colby deposited $200 into a savings account that earned a 2%

    asked by Keith on February 11, 2015
  7. Math

    Please help me and show an understanding please, so I see how to figure them out. Lee deposited $28,000 in an interest-bearing checking account that earns 3.5% interest compounded daily. Find the amount after 68 days. a.$183.16

    asked by Marc on February 20, 2015
  8. math

    Phil deposited $1,000 in a savings account. How much will he have in his account in two years if his account is compounded annually at a 2% interest rate?

    asked by Anonymous on October 20, 2016
  9. Algebra( check my answers)

    1. Juan deposited $200 in a savings account earning 3% interest over 2 years. What was the total amount of interest earned after 2 years? $12 $24 $120 ( my answer) $240 2. Mary borrowed $11,000 at 5% interest for 4 years. What was

    asked by Sara on September 19, 2014
  10. math

    How much money would need to be deposited into an account earning 5.75% interest compounded annually in order for the accumulated value at the end of 25 years to be $85,000?

    asked by Keysha Williams on January 17, 2013

More Similar Questions