OpenStudy (anonymous):

22. 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? b. What is the difference in the amount of interest earned? c. Which account has your money working for you the best?

4 years ago
OpenStudy (amistre64):

\[I=Prt\]given t = 6/12 of a year

4 years ago
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