Answer:
A is smaller than line B.
Step-by-step explanation:
Answer:
$603.04
Step-by-step explanation:
The Compound Amout formula is A = P(1 + r)^t, where:
P is the principal (initial deposit), r is the annual interest rate as a decimal fraction, and t is the time period in years.
In this particular case, the Compound Amount is:
A = ($450)(1 + 0. 05)^6 = ($450)(1.34) = $603.04
16,000 and 13,000. Hope this helps :)