461,481 views
13 votes
13 votes
George wants to invest $3,250. American Bank offers a simple interest rate of 1.5%, while Liberty Savings offers an interest rate of 1.25% compounded annually. How much more in interest will George earn after 8 years if he invests with Liberty Savings rather than American Bank?

User KJDII
by
3.1k points

1 Answer

13 votes
13 votes

Answer:

$4,363.03

Step-by-step explanation:

INTERNET

User Slaus
by
2.8k points