Question

Theodore earned $92.40 in interest after 4 years on a principal of $550. Bella earned $216.00 in interest after 4 years on a principal of $1,500. Which bank would you rather use, Theodore's or Bella's? Explain.

Answer 1

Bella's bank would be preferable because she earned a higher interest of $216.00 on a larger principal of $1,500 in comparison to Theodore's interest of $92.40 on a smaller principal of $550.