5. Sarah deposited $800 in an account that earns 2% interest compounded annually. Claire deposited $800 in an account that earns 2% simple interest. How much will each girl have in their account at the end of 8 years if they do not make any deposits or withdrawals? A Sarah = $937.33; Claire = $928.00 B B Sarah = $927.33; Claire = $918.00 C Sarah = $939.33; Claire = $938.00 Sarah $928.00; Claire = $937.33 %3D

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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5..
Sarah deposited $800 in an account that earns
2% interest compounded annually. Claire deposited
$800 in an account that earns 2% simple interest.
How much will each girl have in their account at the
end of 8 years if they do not make any deposits or
withdrawals?
A Sarah =
$937.33; Claire = $928.00
B Sarah = $927.33; Claire = $918.00
C
Sarah
$939.33; Claire = $938.00
%D
D Sarah =
$928.00; Claire = $937.33
%3D
Transcribed Image Text:5.. Sarah deposited $800 in an account that earns 2% interest compounded annually. Claire deposited $800 in an account that earns 2% simple interest. How much will each girl have in their account at the end of 8 years if they do not make any deposits or withdrawals? A Sarah = $937.33; Claire = $928.00 B Sarah = $927.33; Claire = $918.00 C Sarah $939.33; Claire = $938.00 %D D Sarah = $928.00; Claire = $937.33 %3D
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ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning