Emily and her twin sister Erica were each given $500 for their birthday. Emily deposits her money in an account that pays 4.75%
interest compounded annually. Erica deposits her money in a 5% simple annual interest account. After 10 years how much more money will Emily have in her account?
A $22.41
B $45.26
C $250.00
D $295.26
A $22.41
B $45.26
C $250.00
D $295.26
1 answer:
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