Answered

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Hi i have put the question in the image please solve it

Hi I Have Put The Question In The Image Please Solve It class=

Sagot :

[tex]\begin{gathered} 100(x)^t \\ \\ x=1+r \end{gathered}[/tex]

Use the formula above to find the amount in account after t years

r is the interest rate in decimal form

After 10 years:

Jessica's account:

r= 0.02

[tex]100(1+0.02)^{10}=100(1.02)^{10}=121.90[/tex]

Tyshaun's account:

r= 0.025

[tex]100(1+0.025)^{10}=100(1.025)^{10}=128.01[/tex]

Subtract the final amounts:

[tex]Tyshaun^{\prime}saccount-Jessica^{\prime}saccount=128.01-121.90=6.11[/tex]

Then, after 10 years Tyshaun's initial deposit have earned $6.11 more money than Jessica's initial deposit.

Answer: 6.11

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