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A. Ahmad deposits $1,200 in her bank today. If the bank pays 4 percent simple interest, how much money will she have at the end
A. Ahmad deposits $1,200 in her bank today. If the bank pays 4 percent simple interest, how much money will she have at the end of five years? What if the bank pays compound interest? How much of the earnings will be interest on interest?
B. If Bob and Judy combine their savings of $1,260 and $975, respectively, and deposit this amount into an account that pays 2% annual interest, compounded monthly, what will the account balance be after 4 years?
* PLEASE I need both answers as soon as possible
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