Christine has $500 to deposit in a savings account, and she is trying to decide between two banks. Bank A offers 10% annual inte
rest compounded quarterly. Rather than compounding interest for smaller accounts, Bank B offers to add $15 quarterly to any account with a balance of less than $1,000 for every quarter, as long as t
here are no withdrawals. Christine has decided that she will neither withdraw, nor make a deposit for a number of years. Develop a model that will help Christine decide which bank to use.
Take 276.25 away from 325 which gives 48.75 now divide this sum by 325 and multiply by 100 to arrive at the percentage reduction. 48.75/325*100 = 15 ANSWER 15%