Ask Question
1 November, 07:24

Herky and Elaina want to compare their investment accounts to see how much they will have in the accounts after eight years. They substitute their values shown below into the compound interest formula.

+3
Answers (2)
  1. 1 November, 09:05
    0
    Herky: 500 (1+.05) ^8, Elaina: 400 (1+.06) ^8
  2. 1 November, 11:17
    0
    Herky. after 8 years will have

    500 (1.05) ^8 = $738.73

    Elaine:-

    400 (1.06^8 = $ 637.54
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Herky and Elaina want to compare their investment accounts to see how much they will have in the accounts after eight years. They ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers