Question

In 2008, Pari opened two accounts each with an initial deposit of $2,000. Both accounts had an interest rate of 2%. Account A earned simple interest, while Account B earned compound interest that was compounded annually. She did not deposit or withdraw money from either account for 5 years. What was the difference in the balances of the two accounts after 5 years?
Help me please

Answer 1

Answer:

every year 1000

Step-by-step explanation:

2000 divided by 2 is 1000 x 5 = 5000 sow every year he gets 1000 dollars