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

Question

Finn King

12 August, 01:42

+1

Answers (1)

Know the Answer?

Christine Mccall · Answer 1

I think the answer would be A, sweetie.