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Annette [7]
3 years ago
10

George places $5,000 into an account that earns a simple interest of 4.3%. John places $5,500 into an account that earns 4%. Who

has earned the most interest at the end of 6 years?​
Mathematics
1 answer:
olchik [2.2K]3 years ago
3 0

Answer/Step-by-step explanation:

<u><em>George: </em></u>

4.3% ÷ 100 = 0.043

0.043 × 5000 = 215

<em><u>John:</u></em>

4% ÷ 100 = 0.04

0.04 × 5500 = 220

<u><em>End of 6 years:</em></u>

George: 215 × 6 = 1290

John: 220 × 6 = 1320

<u><em>John has earned the most interest at the end of 6yrs.</em></u><u><em> $1320</em></u>

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