7. Steven put $10,000 into two different bank accounts. Each earns 5% interest but Account A is
compounded annually and Account B is compounded monthly.
a. Find the value of the money in Account A after 10 years.
(2) (+) (10.0
រ
(E)
b. Find the value of the money in Account B after 10 years.
Booppi-A
Po.+1)0001-A
Pl.0661=A
c. Which account earned more money?
d. How much more money did that account earn than the other account?
e money // Pao+1) 6061 =