document.write( "Question 1153423: two banks pay simple interest on short-term deposits. bank a pays 5% p.a. over 3 years, and bank b pays 5.5% p.a. for 2 1/2 years. the difference between the two banks final payout figure, if $10,000 was invested in each account is:\r
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document.write( "a. $0
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document.write( "b. $125
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document.write( "c. $250
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document.write( "d. $1,375
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document.write( "e. $1,500 \n" );
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Algebra.Com's Answer #775642 by MathLover1(20850)![]() ![]() You can put this solution on YOUR website! Simple Interest formula:\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( "where \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "bank \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "bank \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the difference between the two banks final payout figure: $ \n" ); document.write( "\n" ); document.write( "answer: \n" ); document.write( "b. $ \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |