25
QuizMultiple Choice

Modeling with Exponential and Logarithmic Equations — Unit test

Question 25 of 25 • PBCSD_Grade_Forgiveness_1200330_Algebra 2_S2_2024

Calvin deposits $400 in a savings account that accrues 5% interest compounded monthly. After c years, Calvin has $658.80. Makayla deposits $300 in a different savings account that accrues 6% interest compounded quarterly. After m years, Makayla has $613.04. 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.