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

Algebra ->  Customizable Word Problem Solvers  -> Finance -> 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      Log On

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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) About Me  (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 = highlight%284%29*$1,000