Question:

Pythagoras and Esky both put $400 into a bank at the same

Last updated: 7/26/2022

Pythagoras and Esky both put $400 into a bank at the same

Pythagoras and Esky both put $400 into a bank at the same time. Pythagoras's bank calculates 5% interest compounded annually. Esky's bank compounds continuously using 4.5% interested. Who will have more after 10 years and by how much? Pythagoras will have $24.24 more Esky will have $24.24 more Pythagoras will have $21.24 more Esky will have $36.15 more