How much more will $28,000 earn in interest than $16,000 if both areinvested in savings accounts with apys of 5.8% for a year?

Final answer is $12696.

Step-by-step explanation:

Given that initial amount P = $28000

Interest rate r = 5.8% = 0.058

Time = 1 year

Then future value is given by :

Similarly calculate future value for 2nd case:

Given that initial amount P = $16000

Interest rate r = 5.8% = 0.058

Time = 1 year

Then future value is given by :

then difference = 29624 - 16928 = 12696

Hence final answer is $12696.

$696.

Step-by-step explanation:

We are asked to find the amount of interest earned on $28,000 than $16,000 with APYs of 5.8% for a year.

We will use simple interest formula to solve our given problem.

= Amount of interest,

P = Principal amount,

r = Interest rate in decimal form,

t = Time in years.

Let us find difference of interests as:

Therefore, it will earn $696 more in interest.

left 3, up 4

step-by-step explanation:

just count the values of x & y of the vertex of the graph and see how many units in the x and y direction will get you from the f(x) graph to the f(x) graph

£56

step-by-step explanation:

u divide 24 by 3 and u get 8 so if u do 8 time 7 or 8+8+8+8+8+8+8 u get 56 and 56 divided by 7 is 8.