Question

Account A has a simple annual interest rate of 2% and Account B has a simple annual interest rate of 3.5%. How much more interest do you eam per year when

you deposit x dollars in Account B instead of A?

Answer 1

9514 1404 393

Answer:

0.015x

Explanation:

The amounts earned at the different rates are ...

at 2%: 0.02x

at 3.5%: 0.035x

The difference in earnings is ...

0.035x -0.02x = 0.015x