Mathematics Homework Help

Compound Interest and Savings Account Discussion Board

 

Savings Account ASavings Account BOriginal Deposit: $2,000Original Deposit: $2,000Balance After One Year: $2,060

Balance After One Year: $2,060

Balance After Two Years: $2,121.80

Balance 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?

5. Comment on two classmates’ posts by doing any of the following: