Each account can be modelled by an exponential function
At the end of 5 years, Evans and Ethan will have the same balance since they deposited the same amount at the same interest rate
<h2>Compound Interest</h2>
The amount deposited is the principal, P
P = $3000
The account accrues interest annually
This means that the amount is compounded annually
<h3>Exponential Function</h3>
The amount after 5 years is given by the formula shown below:

The above equation represents an exponential function
At the end of 5 years, Evans and Ethan will have the same balance since they deposited the same amount at the same interest rate
Learn more on compound interest here: brainly.com/question/24924853