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3 years ago

5

Alistair and Jason both deposited $500 into their bank accounts. Alistair earned 2.5% simple interest per year. Jason earned 4.5

% simple interest per year. How much more did Jason receive in interest than Alistair after 4 years?

1 answer:

Vinil7 [7]3 years ago

4 0

Answer:

$40

Step-by-step explanation:

<u>The difference in interest amount is:</u>

$500*4*(4.5 - 2.5)/100 = $40

Jason received $40 more than Alistair

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