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?
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Algebra.Com's Answer #376241 by rfer(16322)![]() ![]() ![]() 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( " |