Mathematics, 09.12.2021 20:20 WonTonBagel
George wants to invest $3,250. American Bank offers a simple interest rate of 1.5%, while Liberty Savings offers an interest rate of 1.25% compounded annually. How much more in interest will George earn after 8 years if he invests with Liberty Savings rather than American Bank?
A.$50.42
B.$390.00
C.$339.58
D.$3,589.58
Answers: 3
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George wants to invest $3,250. American Bank offers a simple interest rate of 1.5%, while Liberty Sa...
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