Financial Literacy: Question 2Gordon opened a savings account with an initial deposit of $1,200. His balance will earn 2.5% simple interest overy year, Balley openeda savings account with an initial deposit of $900. Her balance willearn 3.25% interest compounded annually. The deposits were madeon the same day, and no additional money will be deposited orwithdrawn from the accounts. Which statement about the balances ofGordon's account and Balley's account at the end of 6 years is true?
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Home » Mathematics » Financial Literacy: Question 2Gordon opened a savings account with an initial deposit of $1,200. His balance will earn 2.5% simple interest overy year, Balley openeda savings account with an initial deposit of $900. Her balance willearn 3.