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15 April, 14:55

kyra invested $400 at 3% for 3 years. lishshawn invested $500 at 4% for 2 years calculate who earn the most interest and how much more money they earned

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  1. 15 April, 15:15
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    Okay, so a bit of math is involved, along with steps.

    Step-by-step explanation:

    Kyra invested $400 at 3% for 3 years. meaning 3% of $400 is 12. 400+12=

    Year 1: $412

    3% of 412=12.23+412=

    Year 2: $424.23

    3% of 424.23=12.7+423.23=

    Year 3: $435.93

    Kyra made $35.93 in investments.

    Lishsawn invested $500 at 4% for 2 years. Meaning, 4% of $500 is 20. 500+20

    Year 1: $520

    4% of 520=20.8+520

    Year 2: $540.8

    Lishawn made $40.8 dollars in investments. Meaning that Lishawn made $4.87 more dollars
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