Question

you saved $10,943.89 in an emergency fund. One fourth is in a regular savings account at a 3.5% APR and the remainder is in a 30-day CD at a 4.57% APR.what is the difference in the amount of interest in 30 days between the two savings instruments? help!!

Answer 1

@ikram002p

Answer 2

@kc_kennylau @pgpilot326

Answer 3

anyone?

Answer 4

4.57%-3.5% = 1.07%
1.07% of $10,943.89 divided by 12 = $9.76