SOLUTION: If 75000 in a savings account earns 3,285 pesos interest in a year and 75000 pesos worth of stock earns 6 3/4 percent a year ,where will you put your money?
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Question 1186242: If 75000 in a savings account earns 3,285 pesos interest in a year and 75000 pesos worth of stock earns 6 3/4 percent a year ,where will you put your money? Answer by ikleyn(52914) (Show Source):
Compare the annual interest of 3,285 pesos of the saving account with the annual interest of
0.0675*75000 = 5062.50 pesos
if you put your money in the stock.
