Question

Savings account A has 1500 and pays 3.5% interest yearly. Savings account B has 1400 and pays 4% interest yearly. the savings account that earned the most interest after one year is savings account.

Answer 1

Savings Account B earned the most interest after one year.

Step-by-step explanation:

To determine which savings account earned the most interest after one year, we can calculate the interest earned by each account using the formula:

Interest = Principal x Rate

For Account A: Interest = 1500 x 0.035 = $52.50

For Account B: Interest = 1400 x 0.04 = $56.00

Therefore, Account B earned more interest after one year, with a total of $56.00.