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26 February, 02:18

Two brothers, Kevin and Greg, each inherit S43000. Kevin invests his inheritance in a savings account with an annual return of 1.7%. while Greg invests his inheritance

in a CD paying 5.3% annually. How much more money than Kevin does Greg have after 1 year?

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  1. D
    26 February, 04:19
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    S1548.

    Step-by-step explanation:

    1-7% = - 0.017 and 5.3% - 0.053.

    Kevin : After 1 year he has 43,000 * 0.017 = S731.

    Greg: After 1 year he has 43,000 * 0.053 = S2279

    Difference = 2279 - 731 = S1548.
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