Question

27. Three customers open a bank account that does not earn interest with First Bank. The table below displays the amount each customer deposits and the frequency of deposits Customer Amount Deposited Frequency of Deposits Every year Twice a year $300 Blair $200 Randy Every month Kim $50 At the end of 3 years, which customer has saved the most money? Kim has saved the most money.

Answer 1

Amount saved by Blair:

$300/ year * 3 years = $900

Amount saved by Randy:

$400/year* 3 years = $1200

Amount saved by Kim:

$600/year* 3 years = $1800

The answer is: Kim has saved the most money.