document.write( "Question 593190: a bank offers 4%per annum interest which is calculated and added at the end of the year.another bank offers 10%per annum,which is also calculated and added by every year.what is the difference in dollars on a deposit of $1000 after 2 years?
\n" ); document.write( "
\n" ); document.write( "

Algebra.Com's Answer #376241 by rfer(16322)\"\" \"About 
You can put this solution on YOUR website!
A=1000(1.04)^2
\n" ); document.write( "A=1000*1.0816
\n" ); document.write( "A=$1081.60
\n" ); document.write( "------------
\n" ); document.write( "A=1000(1.1)^2
\n" ); document.write( "A=1000*1.21
\n" ); document.write( "A=$1210.00
\n" ); document.write( "You do the subtraction
\n" ); document.write( "
\n" );