document.write( "Question 1139135: Preston received a paycheck for $900.00 and he wants to invest it in a savings account. A savings account at bank A earns 4% interest compounded monthly and a savings account at bank B earns 5% simple interest. If Preston plans to deposit the $900.00 and leave it in the account for 3 years, at which bank would he earn more interest? \n" ); document.write( "
Algebra.Com's Answer #756909 by josmiceli(19441)\"\" \"About 
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Bank A:
\n" ); document.write( "\"+A+=+P%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+\"
\n" ); document.write( "\"+A+=+900%2A%28+1+%2B+.04%2F12+%29%5E%28+12%2A3+%29+\"
\n" ); document.write( "\"+A+=+900%2A%28+1.00333+%29%5E36+\"
\n" ); document.write( "\"+A+=+900%2A1.12727+\"
\n" ); document.write( "\"+A+=+1014.54+\"
\n" ); document.write( "\"+I+=+1014.54+-+900+\"
\n" ); document.write( "\"+I+=+114.54+\"
\n" ); document.write( "----------------------------
\n" ); document.write( "Bank B:
\n" ); document.write( "\"+I+=+P%2Ar%2At+\"
\n" ); document.write( "\"+I+%2B+P+=+P%2A%28+1+%2B+r%2At+%29+\"
\n" ); document.write( "\"+I+%2B+P+=+900%2A%28+1+%2B+.05%2A3+%29+\"
\n" ); document.write( "\"+I+%2B+P+=+900%2A1.15+\"
\n" ); document.write( "\"+I+%2B+P+=+1035+\"
\n" ); document.write( "\"+I+=+1035+-+900+\"
\n" ); document.write( "\"+I+=+135+\"
\n" ); document.write( "---------------------------
\n" ); document.write( "Bank B earns the most interest
\n" ); document.write( "check the math
\n" ); document.write( "
\n" ); document.write( "
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