kyra invested $400 at 3% for 3 years . lishshawn invested $500 at 4% for 2 years calculate who earn the most interest and how mu

Question

3 years ago

6

ch more money they earned

1 answer:

eimsori [14] · Answer 1 · 2022-05-29T07:26:50+03:00

Answer:

Okay, so a bit of math is involved, along with steps.

Step-by-step explanation:

Kyra invested $400 at 3% for 3 years. meaning 3% of $400 is 12. 400+12=

Year 1: $412

3% of 412=12.23+412=

Year 2: $424.23

3% of 424.23=12.7+423.23=

Year 3: $435.93

Kyra made $35.93 in investments.

Lishsawn invested $500 at 4% for 2 years. Meaning, 4% of $500 is 20. 500+20

Year 1: $520

4% of 520=20.8+520

Year 2: $540.8

Lishawn made $40.8 dollars in investments. Meaning that Lishawn made $4.87 more dollars