MEDALS WILL BE GIVING OUT

Sam invests $9,400 in a fund yielding 5.2% simple interest annually. At the same time, Pat shops around for a better interest rate and invests $9,400 in a fund yielding 6.0% simple interest annually. After seven years, how much more interest has Pat’s fund earned than Sam’s fund?
a.
$817.80
b.
$3,948.00
c.
$652.40
d.
$526.40

Question

MEDALS WILL BE GIVING OUT

Sam invests $9,400 in a fund yielding 5.2% simple interest annually. At the same time, Pat shops around for a better interest rate and invests $9,400 in a fund yielding 6.0% simple interest annually. After seven years, how much more interest has Pat’s fund earned than Sam’s fund?
a.
$817.80
b.
$3,948.00
c.
$652.40
d.
$526.40

anonymous · Answer

@Algorithmic

princeharryyy · Answer

for sam total si = 7*9400*0.052 = $3421.6
for pat total si = 7*9400*0.06 = $3948
difference = $3948-$3421.6 = $526.4 
answer

princeharryyy · Answer

@DiornJazz

anonymous · Answer

Thank you @princeharryyy

princeharryyy · Answer

u r welcome! but, I'm sorry I can't help you with more. I gotta go to sleep. It's 4:0 am. Bye. @DiornJazz

anonymous · Answer

Bye i wish u could help.  Could you inbox me when u awake so i can get more help from u

princeharryyy · Answer

7 hrs later. Give ma a call @DiornJazz