5 Susie wants to deposit $6,000 into a savings account and plans to leave her money in the account for 10 years. The bank offers two types of savings accounts. ● Account 1: offers 4.5% simple interest
● Account 2: offers 4% interest compounded annually
Which statement about the savings accounts is true?
A Susie should invest her money in Account 1 because the account will earn $300.00 more in interest than Account 2 after 10 years.
B Susie should invest her money in Account 1 because the account will earn $436.35 more in interest than Account 2 after 10 years.
C Susie should invest her money in Account 2 because the account will earn $617.82 more in interest than Account 1 after 10 years.
D Susie should invest her money in Account 2 because the account will earn $181.47 more in interest than Account 1 after 10 years.

Option D

Explanation:

step 1

Account 1

The simple interest formula is equal to

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest  

t is Number of Time Periods

in this problem we have

substitute in the formula above

step 2

Account 2

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute in the formula above

step 3

Find the difference

therefore

Susie should invest her money in Account 2 because the account will earn $181.47 more interest than Account 1 after 10 years

they remained in rural areas and worked at jobs such as lumbering or farming.

the correct answer is d) he deserved the title after his leadership in the battle for independence.

agustin de iturbide was a mexican army general and politician. he to win the war of independence from spain. because of that win he was proclaimed emperor of mexico and crowned in 1822, his reign didn’t last long, in 1823 he abdicated and departed for europe, because of that he was declared a traitor and in 1824 he was executed by a firing squad.