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:
Answer:
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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