Cedric has deposited 12,000 dollars into an account that pays 5% interest compounded annually.
Daniel has depoisted 12,000 dollars into an account that pays 7% simple annual interest.
In 15 years Cedric and Daniel compare their respective balances. To the nearest dollar, what is the positive difference between their balances?
+36916 In 15 years cedric will have 12000 ( 1+ .05)15
daniel will have 12000 + 12000*15*.07 you can finish.......
