Blanche has recently inherited $8000 which she wants to deposit into a savings account. she has determined that her two best bets are an account that compounds annually at an annual rate of 5.1% and an account that compounds quarterly at an annual rate of 3.1%. which account would pay blanche more interest?

The first account will give more interest after one year.

Step-by-step explanation:

Blanche has to invest $8000 in a saving account.

(i) One account gives a 5.1% annual interest compounded annually.

So, after one year she will get an interest of dollars

(ii) In another account gives 3.1% annual interest compounded quarterly.

So, the quarterly interest is %.

Hence, after one year she will get an interest of dollars (Approximate)

Therefore, the first account will give more interest after one year.

i only know the sequence of arithmetic it adds the first is 5+4 then it goes up as it adds to then it is 9+5 then 14+6 then to 20+7 and so on. 5,9,14,20,27,35.

step-by-step explanation: