SOLUTION: Which will earn more interest, $120 at 4% for 2 years or $120 at 8% for 1 year? By how much do the earnings differ? Write your answer as 4% or 8% comma $difference

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Which will earn more interest, $120 at 4% for 2 years or $120 at 8% for 1 year? By how much do the earnings differ? Write your answer as 4% or 8% comma $difference      Log On

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Question 608565: Which will earn more interest, $120 at 4% for 2 years or $120 at 8% for 1 year? By how much do the earnings differ?
Write your answer as 4% or 8% comma $difference

Found 2 solutions by stanbon, solver91311:
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Simple or copound interest?

Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!






4%, 0.19

John

My calculator said it, I believe it, that settles it
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