Mathematics, 10.06.2021 21:40, Tyrant4life

Luis deposits $1000 in savings account A earning 8% simple interest, and $800 in savings account B earning 5%
compound interest. Which account has more after 10 years,
and what is the difference?

A: Account A will have 496.88 more
B: Account A will have 400 more
C: Account B will have 503.12 more
D: Account B will have $200 less

Answers: 3

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Luis deposits $1000 in savings account A earning 8% simple interest, and $800 in savings account B...