jjcohen14 jjcohen14

01-02-2021
Mathematics

contestada

Account A has a simple annual interest rate of 2% and Account B has a simple annual interest rate of 3.5%. How much more interest do you eam per year when
you deposit x dollars in Account B instead of A?

Respuesta :

sqdancefan sqdancefan

25-07-2021

9514 1404 393

Answer:

0.015x

Step-by-step explanation:

The amounts earned at the different rates are ...

at 2%: 0.02x

at 3.5%: 0.035x

The difference in earnings is ...

0.035x -0.02x = 0.015x

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