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24 votes
24 votes
Linda and Mary each opened a saving account with a deposit of $200. Linda earned 2.5% simple interest per year. Mary earned 2% simple interest per year. Neither of them made any additional deposits orwithdrawals. How much more did Linda receive in interest than Mary after three years?

User Jan Van Der Burgt
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1 Answer

14 votes
14 votes

we get that in interest Linda get


200\cdot3\cdot0.025=15

and Mary get:


200\cdot3\cdot0.02=12

So Linda get $3 more than Mary

User NikRED
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