document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1167098>Question 1167098</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Two brothers, Mark and Charles, each inherit $32000.  Mark invests his inheritance in a savings account with an annual return of 2.8%, while Charles invests his inheritance in a CD paying 4.6% annually. How much more money than Mark does Charles have after 1 year?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #791670 by </B><A HREF=/tutors/aboutme.mpl?userid=dkppathak><B>dkppathak(439)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=dkppathak><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=dkppathak><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=791670\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Two brothers, Mark and Charles, each inherit $32000. Mark invests his inheritance in a savings account with an annual return of 2.8%, while Charles invests his inheritance in a CD paying 4.6% annually. How much more money than Mark does Charles have after 1 year?<BR>\n" );
document.write( "Solution<BR>\n" );
document.write( "Marks investment $3200 interest 2.8% Per annum<BR>\n" );
document.write( "Return=3200x0.028=$89.60<BR>\n" );
document.write( "Charle invest 3200 at the rate of 4.6%<BR>\n" );
document.write( "Charle return=3200x0.046=$147.20  difference=147.20-89.60= $57.60\r<BR>\n" );
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document.write( "short cut   4.6-2.8=1.8% difference in return=3200x0.018=$57.60 </SPAN>\n" );
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