Answer: Compounded quarterly, 350, 420, 25, the account pays interest on both the principal and the interest accumulated.
Step-by-step explanation:
Question 1: Compounded quarterly is growing fastest because it's broken down more than what simple interest does and therefore is faster instead.
Question 2: Account A in 30 years would be 350, I did this problem and eyeballed it. Trust me.
Question 3: Account B in 30 years would be 420.
Question 4: The approximate difference between the two accounts in 20 years would be 25.
Question 5: If the rate of interest is annual and the interest is compounded quarterly then the number of years is 4 times and the rate of annual interest is one-fourth. Therefore, the account pays interest on both the principal and the interest accumulated.
Hope this helps
