Answer:
14,590
Step-by-step explanation:
Answer:
$561
Step-by-step explanation:
4100 x0,06= 246
246+315=561
Answer:
Ratio between balances will be:

Where;
x = deposit
%i = interest rate annual
n = years
Step-by-step explanation:
Lets say first deposit is x$ for both investment and annual interest rate for both investment are %i. Also, they stayed under i interest in n years:
Total balance for simple interest is:

How ever total balance for compound interest is:
