Question: Make sure your responses are in complete sentences and have been proofread before submitting. Please make sure you answer all parts of the discussion. The

Make sure your responses are in complete
Make sure your responses are in complete sentences and have been proofread before submitting. Please make sure you answer all parts of the discussion. The table below shows two savings accounts, the original amounts that were deposited, and the balances after one, two, and, three years. Savings Account A Savings Account B Original Deposit: $3,000 Original Deposit: $3,000 Balance After One Year: $3090.00 Balance After One Year: 3090.00 Balance After Two Years: $3180.00 Balance After Two Years: $3182.70 Balance After Three Years: $3270.00 Balance after Three Years: $3278.18 1. Based on the table provided above: What do you notice? What do you wonder? What do you know? 2. Without doing any calculations how do you think the balances in Savings Account A and Savings Account B will look like in the long term? 3. Why do you think what happens in table 1 will not happen in all cases? Explain your answer in detail. 4. What is the difference between simple interest and compound interest

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!