Two brothers, Mark and Charles, each inherit $27000. Mark invests his inheritance in a savings account with an annual return of 1.8%, while Charles invests his inheritance in a CD paying 4.8% annually.

Artur A asked Dec 3, 2023

361,219 views

34 votes

Artur A asked Dec 3, 2023

2.7k 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.

24 votes

Explanation: After 1 year Mark has $27,486.00. After 1 year Charles has $28,296.00.

28,296-27,486=810

Answer: $810.00

3.5k 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