(c) ACE SIMPLE COOL COMPOUND Simple interest at 2.1% per year Compound interest at 2% per year Pietro invests $3500 in the Ace Simple account for 4 years. Eliana invests S3500 in the Cool Compound account for 4 years. At the end of the 4 years, who has more money in their account and by how much? PRT 1200 by $ ... [4] ........ 213

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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(c)
ACE SIMPLE
COOL COMPOUND
Simple interest at
2.1% per year
Compound interest at
2% per year
Pietro invests $3500 in the Ace Simple account for 4 years.
Eliana invests $3500 in the Cool Compound account for 4 years.
At the end of the 4 years, who has more money in their account and by how much?
300
103
1280
29400
by $
[4]
442013.6
Transcribed Image Text:(c) ACE SIMPLE COOL COMPOUND Simple interest at 2.1% per year Compound interest at 2% per year Pietro invests $3500 in the Ace Simple account for 4 years. Eliana invests $3500 in the Cool Compound account for 4 years. At the end of the 4 years, who has more money in their account and by how much? 300 103 1280 29400 by $ [4] 442013.6
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