In 2014 the fixed deposit rate was 2.5 % and in 2015 it was 3.12%. How much more interest did a fixed deposit of $20,000 earn in 2015 than in 2014?

Wilda asked Jun 23, 2023

142,141 views

39 votes

In 2014 the fixed deposit rate was 2.5 %

and in 2015 it was 3.12%. How much more
interest did a fixed deposit of $20,000
earn in 2015 than in 2014?

Wilda asked Jun 23, 2023

by Wilda

2.8k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

17 votes

Answer:

2014=2.5 2015-3.12

The difference is 0.62

NinjaCross answered Jun 29, 2023

2.9k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers