Register
George wants to invest $3,250. American Bank offers a simple interest rate of 4%, while Liberty Savings offers an interest rate of 3.75% compounded annually. How much more in interest will George earn
205k views
20 votes
George wants to invest $3,250. American Bank offers a simple interest rate of 4%, while Liberty Savings offers an interest rate of 3.75% compounded annually. How much more in interest will George earn after 8 years if he invests with Liberty Savings rather than American Bank?

User Dinesh Bolkensteyn
by
4.7k points

1 Answer

0 votes

Answer:

Explanation:

73.03

User GhilesZ
by
4.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.3m questions

6.9m answers

Other Questions

Pizza planet is running a special 3 pizzas for 16.50. What is the unit rate for one pizza
What number is halfway between 0 and 18
If the 9-inch wheel of cheese costs $18.60, what is the cost per square inch? If the cost is less than a dollar, put a zero to the left of the decimal point?
how long Will it take for $7000 investment to grow to $7553 and the annual rate of 3.4% compounded quarterly assume that no withdrawals are made
I need to simplify this expression.
Link Copied!