Question

Please Explain/ Show your work!

Answer 1

$1.50

Explanation:

Lehana earns ...

I = Prt = $100·0.025·3 = $7.50

in 3 years.

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Marty earns ...

I = Prt = $100·0.020·3 = $6.00

in 3 years.

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Lehana earns $7.50 -6.00 = $1.50 more after 3 years.