Raj made an initial deposit of $200 into a bank account that earns 4 percent interest, compounded annually. In order to calculate the value of the account after n years, he uses the expression 200(r)" Cynthia made an initial deposit of $200 into a different bank account at the same time that Raj made his deposit. Cynthia's account earns 4.1 percent interest, compounded annually. After 10 years, how much more money will Cynthia's initial deposit have earned compared to Raj's initial deposit? (Round your answer to the nearest cent and ignore the dollar sign when gridding your response.)

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
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Raj made an initial deposit of $200 into a bank account that earns 4 percent interest, compounded annually. In order to calculate the value of the account after n years, he uses
the expression 200(7)"
Cynthia made an initial deposit of $200 into a different bank account at the same time that Raj made his deposit. Cynthia's account earns 4.1 percent interest, compounded
annually. After 10 years, how much more money will Cynthia's initial deposit have earned compared to Raj's initial deposit? (Round your answer to the nearest cent and ignore
the dollar sign when gridding your response.)
Transcribed Image Text:Raj made an initial deposit of $200 into a bank account that earns 4 percent interest, compounded annually. In order to calculate the value of the account after n years, he uses the expression 200(7)" Cynthia made an initial deposit of $200 into a different bank account at the same time that Raj made his deposit. Cynthia's account earns 4.1 percent interest, compounded annually. After 10 years, how much more money will Cynthia's initial deposit have earned compared to Raj's initial deposit? (Round your answer to the nearest cent and ignore the dollar sign when gridding your response.)
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