Evelyn deposited $3,000 into her bank account, which earns 4 percent interest compounded annually. She uses the
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Evelyn deposited $3,000 into her bank account, which earns 4 percent interest compounded annually. She uses the expression $3,000(x)t to find the value of the account after t years.
Evelyn deposited the same amount into an account that earns 5 percent interest rate compounded annually. How much more money than her original deposit in the account with 4 percent interest rate compounded annually will she have earned in 10 years?
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