Blanche has recently inherited $8100, which she wants to deposit into a savings account. She has determined that her two best bets are an account that compounds quarterly at an annual rate of 2.7% (Account 1) and an account that compounds monthly at an annual rate of 4.1% (Account 2). 31. Step 1. Which account would pay Blanche more interest? Interest formulas 2noitnt gnivwollot srs nebizno (2) (x)g bns %3D Step 2. How much would Blanche's balance be from Account 2 over 5.9 years? Roun. to two decimal places. wanwoy yilqrmiz bns (x)(D+ 1ot slummot sdt bniR.I qat2 sia Ismioeb owt of 1swane TUoy bnuoa.()(p, +1)101 giemob Interest formulas

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Blanche has recently inherited $8100, which she wants to deposit into a savings
account. She has determined that her two best bets are an account that compounds
quarterly at an annual rate of 2.7% (Account 1) and an account that compounds
monthly at an annual rate of 4.1% (Account 2).
31.
Step 1. Which account would pay Blanche more interest?
Interest formulas
2noitanut gnivwollot srs 1ebizno
(x))
(x)g bns
%3D
Step 2. How much would Blanche's balance be from Account 2 over 5.9 years? Roun-
to two decimal places.
woy yilqrmiz bns (x)(D+ 1ot slummot sdt bni7.I qat2
sig Ismioeb owt of 1awane TUoy bnuoR()(p, + 1) 101 giemab
Interest formulas
Transcribed Image Text:Blanche has recently inherited $8100, which she wants to deposit into a savings account. She has determined that her two best bets are an account that compounds quarterly at an annual rate of 2.7% (Account 1) and an account that compounds monthly at an annual rate of 4.1% (Account 2). 31. Step 1. Which account would pay Blanche more interest? Interest formulas 2noitanut gnivwollot srs 1ebizno (x)) (x)g bns %3D Step 2. How much would Blanche's balance be from Account 2 over 5.9 years? Roun- to two decimal places. woy yilqrmiz bns (x)(D+ 1ot slummot sdt bni7.I qat2 sig Ismioeb owt of 1awane TUoy bnuoR()(p, + 1) 101 giemab Interest formulas
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