Question

You deposit 600 in a savings account that
earns 4% simple interest per year. Your friend
deposits 400 in a savings account that earns
5% simple interest per year. Who will earn more
interest after 3 years?​

Answer 1

Answer:

I am going to earn more interest

as yearly income for me is 24rs

3yr hence = 72rs

my friends yearly interest 20rs

3yr hence his interest is=60rs

Answer 2

Answer:

60rs

Step-by-step explanation:

I am going to earn more interest

as yearly income for me is 24rs

3year hence = 72rs

my friends yearly interest 20rs

3year hence his interest is=60rs