1 7/24 is the correct answer I will show you how to get it if needed.
Find the greatest common factor. For this it would be 11/4
Darryl:
Answer:
A = $1,905.00
(I = A - P = $405.00)
Equation:
A = P(1 + rt)
Lori:
Answer:
A = $1,932.00
(I = A - P = $532.00)
Equation:
A = P(1 + rt)
Thus $532-$405= $127 more in Lori's account