SOLUTION: Sarah maintains a savings account of $1,658 that earns 8% annual interest. Dean has a mutual fund with $1,500 that earns 16% interest annually. At the end of one year, whose accoun

SOLUTION: Sarah maintains a savings account of $1,658 that earns 8% annual interest. Dean has a mutual fund with $1,500 that earns 16% interest annually. At the end of one year, whose accoun

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Question 1034614: Sarah maintains a savings account of $1,658 that earns 8% annual interest. Dean has a mutual fund with $1,500 that earns 16% interest annually. At the end of one year, whose account earns more interest? How much more?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
1658*0.08=132.64
1500*0.16=240.00
Dean more by $107.36
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