Answer:
$40
Step-by-step explanation:
The earnings of Gabriel can be calculated with the formula:
P = Po * (1 + r/n)^(nt)
Where P = 900, r = 0.0325, n = 365 and t = 19
So we have:
P = 900 * (1 + 0.0325/365)^(365*19) = $1,668.81
The earnings of Daniel can be calculated with the formula:
P = Po * e^(rt)
Where Po = 900, r = 0.03375 and t = 19
So we have:
P = 900 * e^(0.03375*19) = $1,708.97
So the amount that Daniel will have more than Gabriel is:
1708.97 - 1668.81 = $40.16
Rounding to nearest dollar, the difference is $40
