SOLUTION: Two brothers, Mark and Walter, each inherit $25000. Mark invests his inheritance in a savings account with an annual return of 2%, while Walter invests his inheritance in a CD pay

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Question 1044996: Two brothers, Mark and Walter, each inherit $25000. Mark invests his inheritance in a savings account with an annual return of 2%, while Walter invests his inheritance in a CD paying 6% annually. How much more money than Mark does Walter have after 1 year?
Found 3 solutions by advanced_Learner, ikleyn, MathTherapy:
Answer by advanced_Learner(501) About Me  (Show Source):
Answer by ikleyn(52810) About Me  (Show Source):
You can put this solution on YOUR website!
.
0.06*25000 - 0.02*25000 = 1500 - 500 = 1000 dollars.


Answer by MathTherapy(10554) About Me  (Show Source):
You can put this solution on YOUR website!

Two brothers, Mark and Walter, each inherit $25000. Mark invests his inheritance in a savings account with an annual return of 2%, while Walter invests his inheritance in a CD paying 6% annually. How much more money than Mark does Walter have after 1 year?
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