Appa deposits $1000 in an account earning 3.8% interest compounded monthly. How much will Appa have in the account in 1 year? Bash deposits $1000 in an account earning 3.8% interest compounded daily. How much will Bash have in the account in 1 year? How much more does Bash make than Appa? (to the nearest cent)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Appa deposits $1000 in an account earning 3.8% interest compounded monthly. How much will Appa have in the account in 1 year?

Bash deposits $1000 in an account earning 3.8% interest compounded daily. How much will Bash have in the account in 1 year?

How much more does Bash make than Appa? (to the nearest cent)

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