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24 December, 18:12

Will Mark Brainiest

Sara deposits $10 in an account that earns an interest rate of 5% compounded annually. What is the balance in the account at the end of 50 years?

A) $114.67

B) $234.57

C) $635.21

D) $75.26

8)

Davis puts $5,000 each year in an account that earns 5% annual interest, compounded annually. His brother Mike puts $5,000 each year in a safe in his bedroom. After the first 10 years of doing this, how much more money does Davis have than Mike? Round your answer to the nearest dollar.

A) $20,524

B) $2,500

C) $31,445

D) $8,144

+2
Answers (2)
  1. 24 December, 19:38
    0
    A will be the answer
  2. 24 December, 20:21
    0
    For the 1st one b and the second one a
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