Mathematics, 30.04.2021 09:10 rbrummitt6922
Oscar will deposit $4,000 in an account that earns 3% simple interest every year.
His sister Maria will deposit $3,000 in an account that earns 4% interest compounded annually.
The deposits will be made on the same day, and no additional money will be deposited or withdrawn from the accounts.
Which statement about the balances of Oscar’s account and Maria’s account at the end of 2 years is true?
Oscar's account will have about $3.60 more than Maria’s account.
Oscar's account will have about $3.60 more than Maria’s account.
Maria’s account will have about $3.60 more than Oscar's account.
Maria’s account will have about $3.60 more than Oscar's account.
Oscar's account will have about $4.80 more than Maria’s account.
Oscar's account will have about $4.80 more than Maria’s account.
Maria’s account will have about $4.80 more than Oscar's account.
HELPP
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Oscar will deposit $4,000 in an account that earns 3% simple interest every year.
His sister Maria...
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