Kinsie and Majena open different savings accounts. Kinsie deposits $300 in an account that pays 2% annual interest. The balance in Majena's account
is modeled by the equation
y = 400(1+0.01)"
a. Which person deposited the most money in her account initially? Explain.
b. Whose account is earning a higher annual interest rate? Explain.
c. Whose account will have more money in the long run? Why?