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3 years ago

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1 answer:

4 0

The difference between the interest Ben will earn in Account I and the interest Ben will earn in Account II at the end of 2 years is $1.32.

<h3>What is the differnce in the interest?</h3>

Simple interest is when only the amount deposited increases in value.

Simple interest = deposit x interest rate x time

1750 x 0.0275 x 2 = $96.25

Interest earned with compounding = future value - amount deposited.

The formula for calculating future value:

FV = P (1 + r) nm

FV = Future value
P = Present value
R = interest rate
N = number of years

1750 x (1/0275)^2 = $1847.57

$1847.57 - $1750 = $97.57

Difference in interest; $97.57 - $96.25 = $1.32

To learn more about future value, please check: brainly.com/question/18760477

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4 years ago

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Answer:

Step-by-step explanation:

The diagram shows two box plots.

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3 years ago

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Step-by-step explanation:

Given -

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3 years ago

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Step-by-step explanation:

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