Question

Which deposit earns more interest, $250 at 6% per year, or $400 at 4% per year? show how you know.

Answer 1

Answer:

$400 at 4%

Step-by-step explanation:

which deposit earns more interest, $250 at 6% per year, or $400 at 4% per year? show how you know.

6% of 250 =

250 : 100 * 6 = 15$

4% of 400 =

400 : 100 * 4 = 16$

Answer 2

Answer:

$400 at 4% per year

Step-by-step explanation:

because then you put 400 and use the formula of interest you can see which gives bigger