Darryl deposits $ 1,500.00 into a savings account that has a simple interest rate of 2.7% Lori deposits $ 1,400.00 into a savings account that has a simple interest rate of 3.8% If no other transactions are made whose account will have more money after 10 years?

Daryl

He deposits $1,500 at an interest rate of 2.7%

We now turn the percentage into a decimal 2.7%--->0.027

We multiply $1,500 x to get 1,957.92

Lori deposits $1,400 at an interest rate of 3.8%

We once again turn the percentage into a decimal 3.8%--->0.038

We multiply $1,400 x to get 2032.83

Meaning Lori has more at the ned of the 10 years

none.

step-by-step explanation:

m

1

=

5

m1=5

b

=

−

1

b=-1

find the slope and y-intercept of the second equation.

tap for more

m

2

=

0

m2=0

b

=

−

6

b=-6

compare the slopes

m

m of the two equations.

m

1

=

5

,

m

2

=

0

m1=5,m2=0

compare the two slopes in the decimal form. if the slopes are equal, then the lines are parallel. if the slopes are not equal, then the lines are not parallel.

m

1

=

5

,

m

2

=

0

m1=5,m2=0