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Over 2 years, how much more does $2000 in a savings account with an APR of 4.2% compounded semiannually earn in interest than the same amount in a savings account with an APR of 3.6% compounded monthly?
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5 votes
Over 2 years, how much more does $2000 in a savings account with an APR

of 4.2% compounded semiannually earn in interest than the same amount in
a savings account with an APR of 3.6% compounded monthly?

User Husam
by
6.3k points

1 Answer

6 votes
It will be 4000 cause if u add that together it will give you 4000
User Nickboldt
by
7.1k points
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