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Bank Deposits 7 |
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Period ___
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| 1. |
Kylie's account, which pays 6.23%, will earn $88.30 more in simple interest than the simple interest earned in one year by Hunter's account. Hunter has an account that pays 4.99% annual interest. Kylie and Hunter originally deposited $31,000 altogether. | |
| 2. |
Alexis will earn $128.40 less simple annual interest than Dylan. Alexis' annual interest rate is 5.64%. | |
| 3. |
Timothy and Benjamin deposited a total of $33,500 into two accounts. One account is paying 4.73% and the other is paying 4.39% simple interest. In one year, the annual simple interest will be $1,516.55 for both accounts. | |
| 4. |
Dylan's account, which pays 6.12%, will earn $370 more in simple interest than the simple interest earned in one year by Brian's account. Brian has an account that pays 5.48% annual interest. Dylan and Brian originally deposited $25,000 altogether. |