Mathematics, 01.04.2021 20:00, oopfloop2

Logan and Rita each open a savings account with a deposit of $8,100.
Logan's account pays 5% simple
interest annually. Rita's account pays
5% interest compounded annually. If
Logan and Rita make no deposits or
withdrawals over the next 4 years,
what will be the difference in their
account balances?
A $104.05
B $113.22
C $125.60
D $134.89

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Answers: 2

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Logan and Rita each open a savings account with a deposit of $8,100.
Logan's account pays 5%...