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On March 1, 2018, James deposited $12,000 in a new savings account, X, that earned interest at an annual rate of 6 percent, compounded annually. There were no other transactions in the account. On March 1, 2019, James withdrew the total amount of money in account X and deposited that money in a new savings account, Y, that earned interest at an annual rate of 7 percent, compounded annually. There were no other transactions in the account. How much more money did James have on March 1, 2020, in account Y than he would have had in account X if he had not withdrawn the money on March 1, 2019, assuming account X continued earning an annual rate of 6 percent, compounded annually, and there were no other transactions in the account?
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2.5.8 复利问题
2.5.8 复利问题
以上解析由 考满分老师提供。
