<PRE><B>Question 604298</B>
KEVINS ACCOUNT
p= 4000
R= 0.05
T= 5

iNTEREST = 4000*0.05*5=1000

Kevin&#39;s account has $ 5000

-----

JILLS account
P =4000
r=0.05
n=1
t=5
Principal P =	4000									
Amount=	A									
years=n	5.00									
compounded	1	times a year		t						
Rate =	5.00			0.05						
Amount =	P*((n+r)/n)^n*t									
										
Amount =4000*(1	+0.05/t)^5*1
Amount =4000*(1+0.05)^5			
	4000	*(	1.05	)^	5					
Amount =	5105.13		

you can work out the difference
							
</PRE>