Two people are placing a principal amount of $800 in a savings account with 6.5% annual interest. Account A uses continuously compounded interest, while Account B uses simple interest. Which account can be modeled exponentially, and what is the balance after 5 years?  Account A; the balance after 5 years is $1,107.22  Account A; the balance after 5 years is $1,060  Account B; the balance after 5 years is $1,107.22  Account B; the balance

Q: Joanna deposited $ 3500.00 in an account that pays 4% annual interest, how long does it take to…

A: Use the formula as A=P1+r100t where, A=AmountP=Principalr=ratet=time

Q: Account A; the balance after 11 years is $17,779.17 Account A; the balance after 11 years is…

A: Principal investment, P= $9250Rate of interest, r = 6.12%Time, t = 11 years

Q: The Fogler family deposits $8,500 into a savings account that yields 6.75% interest compounded…

A: The explanation of answer as follows :-

Q: ructure.com Amber invest $1,000 for 10 years compounded daily. Jin invests $1,000 for 10 years…

A: Given query is to find that who earned the more interest.

Q: An account now contains $3,670 and has been accumulating interest at 5% annual interest, compounded…

A: We have to find the amount in the account 5 years ago.

Q: Jason has $100,000 to invest in a savings account. He has two options: Option A earns 4% interest…

A: In the question it is asked to calculate the amount of money from the more valuable account in 10…

Q: If Hannah places $ 4500 into an account earning 4.5% interest compounded continuously, how much will…

A:

Q: James invested $10,000 at Rocket Financial in Houston before moving to New York. Rocket Financial…

A: Given, P = $10,000 r = 2% componded continuously = 0.02