How much more will 34,000 earn in interest than 18,000 if both are invested in savings accounts with apys of 5.6% for a year?

$896

Step-by-step explanation:

Just did

Amount of $34000 will earn $896 more interest as compared to the amount of $18000.

Step-by-step explanation:

We know that,

where,

i = interest,

P = principle,

r = rate of interest,

t = time period.

For principle amount of $34,000,

For principle amount of $18,000,

So the difference between the interest is,

Therefore, amount of $34000 will earn $896 more interest as compared to the amount of $18000.

if this is really you s much. i only have 3 points left and i have 2 questions to ask

let's solve your equation step-by-step.

4x+2=2x+12

step 1: subtract 2x from both sides.

4x+2−2x=2x+12−2x

2x+2=12

step 2: subtract 2 from both sides.

2x+2−2=12−2

2x=10

step 3: divide both sides by 2.

2x

2

=

10

2

x=5

step-by-step explanation: