Test Prep Leeann and Lex are brother and sister who both received
54000 to start a college fund.
Leeann put her $4000 into an account that pays 4% simple
interest.
• Lex put his money into an account that pays 4%
compounded annually.
Who has more money in their account at the end
of 5 years? (no other money was deposited over
the 5 years)
A Leeann
B Lex
c. They have the same amount.
D. Not Here