Two sisters open accounts and make deposits at their local bank. The deposits will be made on the
same day, and no additional money will be deposited or withdrawn from the accounts.
Daniela will deposit $1530 in an account that earns 6% simple interest every year.
Her sister, Kaleigh will deposit $1500 in an account that earns 8% interest compounded
annually.
Which statement about the balances of Daniela's account and Kaleigh's account at the end of 3
years is true?
Daniela's account will have about $87.17 more than Kaleigh's account.
Kaleigh's account will have about $5.40 more than Daniela's account.
Daniela's account will have about $5.40 more than Kaleigh's account.
O Kaleigh's account will have about $84.17 more than Daniela's account.