Anne deposited $500 in an account that earns 6% simple annual interest. shelly deposited $500 in an account that earns 6% annual interest compounded annually. they leave the money in the account for 4 years. which statement is true about the two investments after 4 years?

It is clear that, The Shelly account is $11.23 more than that in Anne account .

Step-by-step explanation:

Given as :

For Anne

The amount deposited in account = p = $500

The rate of interest = r = 6%  at simple interest

The time period of deposit = t = 4 years

Let The amount received in account after 4 years = $

From Simple Interest method

Simple Interest =

Or, s.i =

Or, s.i =

Or, s.i =

i.e s.i = $120

∵ Amount = Principal + Interest

Or, = p + s.i

Or = $500 + $120

Or, Amount = $620

So, The Amount in Anne account after 4 years is $620

Again

For, Shelly

The amount deposited in account = P = $500

The rate of interest = R = 6% compounded annually

The time period of deposit = T = 4 years

Let The amount received in account after 4 years = $

From Compound Interest method

Amount = Principal ×

Or, = P ×

Or, = $500 ×

Or, = $500 ×

Or, = $500 × 1.26247

Or, = $631.23

So, The amount received by Shelly in her account after 4 years = $631.23

Now, Difference between amount received in their account

i.e   -   = $631.23 - $620

Or, -   = $11.23

Hence, It is clear that, The Shelly account is $11.23 more than that in Anne account . Answer

your answer would be 40

step-by-step explanation:

an advantage of the standard deviation is that it increases as the dispersion of the data increases. e. the interquartile range is preferred when the data are not skewed or no have outliers. an advantage of the standard deviation is that it uses all the observations in its computation.