document.write( "Question 257098: Jane deposited $22,000 at a bank that pays 10% interest. Bill deposited $16,000 at a bank that pays 16% interest. Who will receive more interest in a year,and by how much more?
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Algebra.Com's Answer #189077 by rajagopalan(174) You can put this solution on YOUR website! Jane's yield=pnr/100=22000*1*10/100=2200 \n" ); document.write( "Bill's yield=pnr/100=16000*1*16/100=2560 \n" ); document.write( "So Bill will receive more \n" ); document.write( "Extra yield for Bill=2560-2200=360 \n" ); document.write( "Answer=$ 360.00 \n" ); document.write( " |