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 earned in 30 days between the two savings instruments?

Answer 1

Bria ordered 145 centimeters of fabric. Jayleen ordered 1.5 meters of fabric. Who ordered more fabric?

Answer 2

4.57%-3.5% = 1.07%
1.07% of $10,943.89 divided by 12 = $9.76
The answer is
☞ $9.76