SOLUTION: 15. You invest $1,000.00 in one account and $4,000.00 in another account. Both accounts have the same interest rate over the same amount of time. How will the interest earned co

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Question 444430: 15.
You invest $1,000.00 in one account and $4,000.00 in another account. Both accounts have the same interest rate over the same amount of time. How will the interest earned compare?

Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi
You invest $1,000.00 in one account and $4,000.00 in another account.
Both accounts have the same interest rate over the same amount of time.
How will the interest earned compare? Interest earned on the $4000 account
will be 4 times that earned on the $1000 account
Note: $4,000 = *$1,000
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