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Evan has $4,000 that he wants to put into a saving account until he leaves dor college, which will be 6 years from now. How much more money will he have in his saving account if he choose Bank B instead of Bank A?


Bank A. 4.5%


Bank B. 4.9%


please help its due

tomorrow

Verified Answer :


Steps:
1) 4,000 .045 = 180
2) 180 6 = 1,080
3) 4,000 + 1,080 = 5,080

4)4,000 .049 = 196
5) 196 6 = 1,176
6) 4,000 + 1,176 = 5,176
7) 5,176 - 5,080 = $96
Answer= $96

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