# Algebra 2

Rick deposits \$1,000 into an investment account which earns 4% annually. Sally loans \$1,000 to a friend, and the friend agrees to pay her \$50 each year, and will return the \$1,000 after 10 years.
Determine the amount of money each person has after 10 years.

A. Rick: \$1,040; Sally: \$1,500
B. Rick: \$1,453.16; Sally: \$1,500
C. Rick: \$1,534.32; Sally: \$2,000
D. Rick: \$1,480.24; Sally: \$1,500

I know Sally earns \$1,500... but what about Rick? Please help?

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1. Nevermind, I was able to solve it.
It's D.

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2. You sure?

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3. Rick: 1000(1.04)^years
Sally: 1000+(50*years)

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4. just took the quiz and it is D

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