Answer with Step-by-step explanation:
We are given that
P=$50,000
For A, r=1.5%
For B,r=1.4%
We know that
[tex]A=P(1+\frac{r}{100})^n[/tex]
Where n=Time(in years)
r=Rate of interest annually
P=Principle value
For A
n=5 years
[tex]A=50000(1+\frac{1.5}{100})^5=[/tex]$53864
n=10 Years
[tex]A=50000(1+\frac{1.5}{100})^{10}=[/tex]$58027
n=20 years
[tex]A=50000(1+\frac{1.5}{100})^{20}=[/tex]$67343
For B
n=5 year
[tex]A=50000(1+\frac{1.4}{100})^5=[/tex]$53599
n=10 years
[tex]A=50000(1+\frac{1.4}{100})^{10}[/tex]=$57458
n=20 years
[tex]A=50000(1+\frac{1.4}{100})^{20}=[/tex]$66028
