First account
interest = 6/12 × 5.25% × 4,000
interest = 1/2 × 5.25/100 × 4,000
interest = 1/2 × 210
interest = 105 dollars
Second account
interest = 6/12 × 6% × 2,000
interest = 1/2 × 6/100 × 2,000
interest = 1/2 × 120
interest = 60 dollars
After 6 months, the first account will have earned more interest than the second account
Answer:
3,327.9
Step-by-step explanation:
now: 1996.67
original: 3,327.9
1996.67/.6 = 3,327.9
Answer: Rachel's prediction is faster than the actual unit rate, and Theadore's prediction is slower.
