document.write( "Question 905966: Two brothers, Richard and Steve each inherit 40000. Rick invests his inheritance in a savings account with an annual return of 2.1% while Steve invests his money in a cd paying 5.8% annually. How much more money does Richard have than Steve after one year \n" ); document.write( "
Algebra.Com's Answer #549554 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! Trick question?! \n" ); document.write( " Steve earns more money not Richard. \n" ); document.write( "Steve invested at 5.8% which is almost three time Richard's rate \n" ); document.write( "Richard at 2.1% \n" ); document.write( ".058*40000=2320\r \n" ); document.write( "\n" ); document.write( ".021*40000=840 \n" ); document.write( "Difference 1440 \n" ); document.write( "What was Richard thinking! \n" ); document.write( " |