Answer:
The answer is 11/9
Step-by-step explanation:
Hi,
Let the
Youngest brothers age = x+2
Middle brothers age = x+4
Oldest brothers age = x+6
So,
Youngest brothers age = x+2 = 28+2 = 30 years of age
Middle brothers age = x+4 = 28+4 = 32 years of age
Oldest brothers age = x+6 = 28+6 = 34 years of age
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The formula to find the amount is
here A is amount
P is the principal
'r' is the rate of interest
n is the number of years.
Case 1.
Stevan invests
P =$ 20,000
r = 3% = 0.03
n = 10 years
Hence the interest earned
= A - P = 26878.33 - 20000 = $6878.33
Case 2.
Evan invests
P = $10,000
r = 7% = 0.07
n = 7 years
Hence the interest earned
= A - P = 16057.81 - 10000 = 6057.81
Difference in the interest = 6878.33 - 6057.81 = $820.52
Rounded to the nearest dollar difference in interest = $821
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