Question

4 Sebastian is going to deposit $790 in an account that earns 6.8% interest compounded annually. His wife Yolanda will deposit $815 in an account that earns 7.2% simple interest each year. They deposit the money on the same day and make no additional deposits or withdrawals for the accounts. Which statement is true concerning Sebastian’s and Yolanda’s account balances after 3 years?
F Sebastian’s account will have about $28.67 less than Yolanda’s account.
G Sebastian’s account will have about $39.88 less than Yolanda’s account.
H Yolanda’s account will have about $28.67 less than Sebastian’s account.
J Yolanda’s account will have about $39.88 less than Sebastian’s account.

Answer 1

28.67 should be correct if I’m not wrong I’m more than sure it is though!