Answered

Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Discover comprehensive solutions to your questions from a wide network of experts on our user-friendly platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

You invest 1,000 in one account and 4,000 in another, both accounts have the same interest rate over the same amount of time. How will the interest earned compare?

Sagot :

Answer:

the $4000 WILL EARN 4 TIMES THE AMOUNT OF INTEREST.

Step-by-step explanation:

If both investments have same interest they will grow in the same proportion that the initial amount have.

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.