Question

Danielle and Gabrielle each opened a savings account with a deposit of $150.

Danielle earned 3.5% simple interest per year,
Gabrielle earned 4% simple interest per year,
Neither Danielle nor Gabrielle made additional deposits or withdrawals.
.
How much more did Gabrielle receive in interest than Danielle after four
years?
1
A A $0.30
B. $0.75
C C. $3.00
D D. $30.00

Answer 1

c

Explanation:

Answer 2

C

Explanation:

to calculate simple interest we have the following

PV(1+it)

Danielle:

150(1+.035*4)=171

Gabrielle:

150(1+.04*4)=174

Subtract the two and see that gabrielle made 3 dollars more