# Mathematics

Three students each have $1000 to invest from their summer jobs. Armen

invests his money in an account that earns simple interest at an APR of 5 percent.

Barok invests his money in an account that earns 4.9 percent interest per

year compounded annually. Carrie invests her money in an account that earns

4.8 percent interest per year compounded monthly. Find how much money

each student has in his or her account after

2 years

10 years

30 years

Thanks

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#### Solution Summary

This solution contains step-by-step calculations to determine the amount of money each student has in their account after specific number of years.

$2.19