Ten years ago, Dorothy deposited a certain amount of money in Account $$A$$ at a $$3\%$$ simple annual interest rate. At

This topic has expert replies
Legendary Member
Posts: 2045
Joined: 14 Oct 2017
Followed by:3 members

Ten years ago, Dorothy deposited a certain amount of money in Account $$A$$ at a $$3\%$$ simple annual interest rate. At

by VJesus12 » Thu Sep 16, 2021 11:30 am

00:00

A

B

C

D

E

Global Stats

Ten years ago, Dorothy deposited a certain amount of money in Account $$A$$ at a $$3\%$$ simple annual interest rate. At the same time, Marla deposited another amount in Account $$B$$ at a $$4\%$$ simple annual interest rate. If there were no withdrawals or deposits during the $$10$$ years since the deposits, is the current interest in $$A$$ greater than that in $$B?$$

(1) The amount invested in Account $$A$$ was $$\1,000$$ more than the amount invested in Account $$B.$$

(2) The investment in Account $$A$$ obtained the interest of $$\300$$ last year.