document.write( "Question 831357: A bank increases its interest rate from 3.5% to 4% per annum. Find how much more interest Susan would receive if she deposited 6,400 in the bank for 6 months with the new simple interest rate. \n" ); document.write( "

Algebra.Com's Answer #501281 by JulietG(1812) $\"\"$ $\"About$

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If Susan puts $6400 in the bank at 3.5%, she would get 6400*.035 or 224 after a year. In 6 months, she would get half of that, or 112.
\n" ); document.write( "If Susan puts $6400 in the bank at 4%, she would get 6400 * .04 or 256 after a year. In 6 months, she would get half of that, or 128.
\n" ); document.write( "What is the difference between 128 and 112? \n" ); document.write( "

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