Dave invests $3,700 in a savings account at his local bank which gives 3.296 simple annual interest. He also invests $3,000 in an online savings account which gives 5.9% simple annual interest. After 15 years, which one will have earned more interest, and how much more interest will it have earned, to the nearest dollar? (Use I = Prt) The online account has $879 more than the local bank b. The online account has $179 more than the local bank C. The local bank has $776 more than the online account. d. The local bank: has $345 more than the ontine account.
Dave invests $3,700 in a savings account at his local bank which gives 3.296 simple annual interest. He also invests $3,000 in an online savings account which gives 5.9% simple annual interest. After 15 years, which one will have earned more interest, and how much more interest will it have earned, to the nearest dollar? (Use I = Prt) The online account has $879 more than the local bank b. The online account has $179 more than the local bank C. The local bank has $776 more than the online account. d. The local bank: has $345 more than the ontine account.
Chapter7: Losses—deductions And Limitations
Section: Chapter Questions
Problem 20P: Carlos opens a dry cleaning store during the year. He invests 30,000 of his own money and borrows...
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Dave invests $3,700 in a savings account at his local bank which gives 3.296 simple
annual interest. He also invests $3,000 in an online savings account which gives
5.9% simple annual interest. After 15 years, which one will have earned more
interest, and how much more interest will it have earned, to the nearest dollar? (Use
I = Prt)
The online account has $879 more than the local bank
b. The online account has $179 more than the local bank
C. The local bank has $776 more than the online account.
d. The local bank: has $345 more than the ontine account.
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