You invest 1,000 in one account and 4,000 in another, both accounts have the same interest rate over the same amount of time. How will the interest earned compare?

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Xenph Yan asked Mar 19, 2023

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You invest 1,000 in one account and 4,000 in another, both accounts have the same interest rate over the same amount of time. How will the interest earned compare?

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Xenph Yan asked Mar 19, 2023

by Xenph Yan

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Answer:

the $4000 WILL EARN 4 TIMES THE AMOUNT OF INTEREST.

Explanation:

If both investments have same interest they will grow in the same proportion that the initial amount have.

Chetan Bansal answered Mar 24, 2023

by Chetan Bansal

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