Christine deposits $ 9 0 , 0 0 0 into an account that pays simple interest at a rate of 2 per year Kevin deposits $ 9 0 , 0 0 0 into an account that also pays 2 interest per year But it is compounded annually Find the interest Christine and Kevin earn during each of the first three years Then decide who earns more interest for each year Assume there are no withdrawals and no additional deposits table Year , Interest Christine earns ( Simple interest ) , Interest Kevin earns ( Interest compounded annually ) , Who earns more interest , First , 5 , 5 , table Christine earns more , Kevin earns more , They earn the same amount , Second , , $ , table Christine earns more , Kevin earns more , They earn the same amount , Third , , , table Christine earns more , Kevin earns more , They earn the same amount

Question

Christine deposits $ 9 0 , 0 0 0 into an account that pays simple interest at a rate of 2   per year  Kevin deposits $ 9 0 , 0 0 0 into an account that also pays 2   interest per year  But it is compounded annually  Find the interest Christine and Kevin earn during each of the first three years  Then decide who earns more interest for each year  Assume there are no withdrawals and no additional deposits     table     Year , Interest Christine earns ( Simple interest ) , Interest Kevin earns ( Interest compounded annually ) , Who earns more interest    ,   First , 5 , 5 ,    table     Christine earns more    ,   Kevin earns more    ,   They earn the same amount        ,   Second , , $ ,    table     Christine earns more    ,   Kevin earns more    ,   They earn the same amount        ,   Third , , ,    table     Christine earns more    ,   Kevin earns more    ,   They earn the same amount

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Christine deposits $ 9 0 , 0 0 0 into an account that pays simple interest at a rate of 2 % per year. Kevin

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