Answer:
Ratio between balances will be:
[tex](x*(1+i)*n)/(x*(1+i)^n)[/tex]
Where;
x = deposit
%i = interest rate annual
n = years
Step-by-step explanation:
Lets say first deposit is x$ for both investment and annual interest rate for both investment are %i. Also, they stayed under i interest in n years:
Total balance for simple interest is:
[tex]Total balance=x*(1+i)*n[/tex]
How ever total balance for compound interest is:
[tex]Total balance=x(1+i)^n[/tex]
