asked 26.9k views
18 votes
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?

1 Answer

6 votes

Answer:

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

Explanation:

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

answered
User DaveStephens
by
8.5k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.