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Answer :
Required statement is Zeke's account will have a higher balance due to his larger initial deposit of $1,000 compared to Amy's initial deposit of $20.
Zeke's account will earn more interest than Amy's account over time, even though their interest rates and monthly deposits are the same. This is because Zeke initially deposited a larger amount of money. The interest earned on his $1,000 deposit will be greater than the interest earned on Amy's $20 deposit. However, if they continue to make the same monthly deposits and keep the accounts for a long period of time, the difference in interest earned will become less significant. Overall, it's important to consider both the initial deposit and the length of time the account is open when comparing savings accounts.
Hi! I'm happy to help you compare Zeke and Amy's savings accounts. To answer your question, both Zeke and Amy have the same interest rates and monthly deposits for their accounts. Zeke initially deposits $1,000, while Amy initially deposits $20.
The correct statement comparing their accounts is: Although Zeke and Amy's accounts have the same interest rates and monthly deposits, Zeke's account will have a higher balance due to his larger initial deposit of $1,000 compared to Amy's initial deposit of $20.
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