Darryl deposits $1,500 into a savings account that has a simple interest rate of 2.7%. lori deposits $1,400 into a savings account that has a simple interest rate of 3.8%. if no other transactions are made, who will have more money in their account after 10 years? how much more? use the drop-down menus to explain your answer.

 Lori gets more more in her saving account than Darry has.

Lori has $27 more than Darryl

Step-by-step explanation:

Darry does :

Amount of deposits into a saving account = $1500

Rate of interest = 2.7%

Number of years = 10

As we know the formula for "Simple Interest ",i.e.

So, we put the values in this formula to get our answer :

As we know how to calculate the "Amount" i.e.

Similarly,

Lori does:

Amount of deposits into a saving account = $1400

Rate of interest = 3.8%

Number of years = 10

As we know the formula for "Simple Interest ",i.e.

So, we put the values in this formula to get our answer :

As we know how to calculate the "Amount" i.e.

Hence, Lori gets more more in her saving account than Darry has.

Lori has $27 more than Darryl .