You place $4,000.00 in a bank account with an interest rate of 5.25% apr and another
$2,000.00...
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Mathematics, 04.11.2019 03:31 evanwall91
You place $4,000.00 in a bank account with an interest rate of 5.25% apr and another
$2,000.00 in an account with an interest rate of 6.00% apr
a. how much interest will be earned for each account on the original principal in 6 months?
6. what is the difference in the amount of interest earned?
c. which account has your money working for you the best?
be sure to include in your response:
• the steps you followed to complete your computations
• the final answers to each question
• the mathematical reasoning for the answer to "c"
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