Question: Table 1 :The table below shows two savings accounts, the original amounts that were deposited, and the balances after one, two, and, three years. Savings
Table 1 :The table below shows two savings accounts, the original amounts that were deposited, and the balances after one, two, and, three years.
Savings Account ASavings Account BOriginal Deposit: $2,000Original Deposit: $2,000Balance After One Year:$2,060BalanceAfter One Year:$2,060
Balance After Two Years:$2,121.80Balance After Two Years:$2,120
Balance After Three Years:$2,185.45Balance after Three Years:$2,180
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. Do you think that what occurs in table 1 will happen in all cases? Explain your answer in detail.
4.What is one question you have about simple interest or compound interest?
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Analysis of the Savings Account Table 1 Observations Questions and Known Facts What do I notice Both accounts start with the same initial deposit of 2... View full answer
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