Answer:
First and Second option choices
Step-by-step Explanation:
1st case:
Initial deposit (P) = 500
Annual interest rate (r) = 2.5%
Account balance after x years, y = P(1+r/100)×
y = 500(1+2.5/100)×
y = 500(1+0.025)×
y = 500(1.025)×
2nd case:
Initial deposit (P) = 400
Annual interest rate (r) = 2%
Account balance after x years, y = P(1+r/100)×
y = 400(1+2/100)×
y = 400(1+0.02)×
y = 400(1.02)×
Answer:
A
Step-by-step explanation:
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