Spending money, since your amount of money is decreasing, which is negative
Answer:
-89/40 or simplified it is -2 9/40
Answer:
Kristi
Step-by-step explanation:
The formula for Simple Interest =
Principal × Rate × Time
For Kristi
Kristi invests $3,000 at a 7.25% annual simple interest rate,
Principal = $3000
Rate = 7.25% = 0.0725
Time = 1
Simple interest = $3000 × 0.0725 × 1
= $217.5
For Kari
Her sister Kari invests $3,200 at a 6.25% annual simple interest rate.
Principal = $3200
Rate = 6.25% = 0.0625
Time = 1
Simple interest = $3200 × 0.0625 × 1
= $200
From the above calculation, we can see that: Kristi will earn the greater amount of interest after one year
