Open-Ended You invest $1,000 in each of two accounts. Account A earns simple interest at a rate of 2.42% over 4 years. Account B earns simple interest at a rate of 2.42% over 24 months. Find the
interest earned by each account. How does the interest earned by the two accounts compare?
Use paper and pencil. Give an example of two principal amounts and two simple interest rates that
would earn equal amounts of interest in one year. Give an example of two principal amounts and two
periods of time for which the simple interest earred at 2.76% would be equal.
Account A earns $
after 4 years
(Simplify your answer. Type an integer or a decimal.)