19
QuizMultiple Choice

Modeling with Quadratic Equations — Unit test

Question 19 of 25 • [INMT3] Integrated Math 3 Sem 1 (26-27)

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.
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