12
QuizMultiple Choice

Functions: Part Four — Test

Question 12 • Algebra II

Calvin deposits 400 dollars in a savings account that accrues 5 percent interest compounded monthly. After c years, Calvin has 658 point 8 0 dollars Makayla deposits 300 dollars in a different savings account that accrues 6 percent interest compounded quarterly. After m years, Makayla has 613 point 0 4 dollars What is the approximate difference in the number of years that Calvin and Makayla have their money invested?

Answer
A
Makayla invests her money 1 year longer.
B
Makayla invests her money 2 years longer.
C
Calvin invests his money 1 year longer.
D
Calvin invests his money 2 years longer.
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Calvin deposits 400 dollars in a savings account…