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In 2014 the fixed deposit rate was 2.5 % and in 2015 it was 3.12%. How much more interest did a fixed deposit of $20,000 earn in 2015 than in 2014?

In 2014 the fixed deposit rate was 2.5 % and in 2015 it was 3.12%. How much more interest did a fixed deposit of $20,000 earn in 2015 than in 2014?
asked 139k views
11 votes
In 2014 the fixed deposit rate was 2.5 %

and in 2015 it was 3.12%. How much more
interest did a fixed deposit of $20,000
earn in 2015 than in 2014?

asked
User Thisisrandy
by
7.9k points

1 Answer

10 votes

Answer:

2014=2.5 2015-3.12

The difference is 0.62

answered
User Daniel Roseman
by
7.9k points
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