Answer:
You will get $15.00 more interest amount using the first account.
Step-by-step explanation:
You placed $2,000.00 in a savings account with an interest rate of 4.5% per month and $2,000.00 with an interest rate of 3.75% per month.
In this question we have to calculate the percentage of both to get the amount.
4.5% × 2,000 = [tex]\frac{4.5}{100}[/tex] × 2,000
= 0.045 × 2,000 = $90.00
3.75% × 2,000 = [tex]\frac{3.75}{100}[/tex] × 2,000
= 0.0375 × 2,000 = $75.00
Difference in interest amount = 90.00 - 75.00 = $15.00
$15.00 more interest you could earn in that month using the first account.
