Answer:
a. $115.32
Explanation:
the first coin will be worth:
future value = present value x (1 + interest rate)âż = $250 x 1.06Âčâ” = $599.14
the second coin will be worth:
future value = present value x (1 + interest rate)âż = $250 x 1.045Âčâ” = $483.82
the difference in value = $599.14 - $483.82 = $115.32