155k views
1 vote
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?

1 Answer

1 vote

Answer:

$4,363.03

Step-by-step explanation:

INTERNET

User Lxuechen
by
3.9k points