Nathan invested $2,870 for 219 days at a simple interest rate of 2.75% p.a. How much more or less interest would he have earned on the investment if his money was growing at a simple interest rate of 3.50% p.a. instead of 2.75% p.a.? $0.00 Round to the nearest cent

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 65SE: Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount...
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Nathan invested $2,870 for 219 days at a simple interest rate of 2.75% p.a. How much
more or less interest would he have earned on the investment if his money was
growing at a simple interest rate of 3.50% p.a. instead of 2.75% p.a.?
$0.00
Round to the nearest cent
Transcribed Image Text:Nathan invested $2,870 for 219 days at a simple interest rate of 2.75% p.a. How much more or less interest would he have earned on the investment if his money was growing at a simple interest rate of 3.50% p.a. instead of 2.75% p.a.? $0.00 Round to the nearest cent
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