George wants to invest $3,250. American Bank offers a simple interest rate of 4%, while Liberty Savings offers an interest rate

Question

2 years ago

15

George wants to invest $3,250. American Bank offers a simple interest rate of 4%, while Liberty Savings offers an interest rate

of 3.75% compounded annually. How much more in interest will George earn after 8 years if he invests with Liberty Savings rather than American Bank? $4,363.03

Mathematics

1 answer:

Varvara68 [4.7K] · Answer 1 · 2022-09-03T19:53:12+03:00

Varvara68 [4.7K]2 years ago

5 0

Answer:

$4,363.03

i hope i actually get this right because im doing a test right now in math class