How much more will $28,000 earn in interest than $16,000 if both areinvested in savings accounts with apys of 5.8% for a year?

Final answer is $12696.

Step-by-step explanation:

Given that initial amount P = $28000

Interest rate r = 5.8% = 0.058

Time = 1 year

Then future value is given by :

Similarly calculate future value for 2nd case:

Given that initial amount P = $16000

Interest rate r = 5.8% = 0.058

Time = 1 year

Then future value is given by :

then difference = 29624 - 16928 = 12696

Hence final answer is $12696.

$696.

Step-by-step explanation:

We are asked to find the amount of interest earned on $28,000 than $16,000 with APYs of 5.8% for a year.

We will use simple interest formula to solve our given problem.

= Amount of interest,

P = Principal amount,

r = Interest rate in decimal form,

t = Time in years.

Let us find difference of interests as:

Therefore, it will earn $696 more in interest.

there are lots of ways.   pick's theorem tells us if the vertices are lattice points the area a is

a = b/2 + i - 1

where b is the number of boundary lattice points and i is the number of interior lattice points.

in the figure i count b=16, i=50 so

a = 8 + 50 - 1 = 57

let's try the shoelace formula.   the area is half the sum of the cross products of the sides.  

a(-2,6)   -2(2)-6(-5) = 26

b(-5,2)   -5(-3) - 2(-2) = 19

c(-2,-3) -2(-3) - (-3)(4) = 18

d(4,-3)   4(3) - (-3)(5) = 27

e(5,3)   5(3) - 3(1) = 12

f(1,3)     1(6) - 3(-2) = 12

a(-2,6)

each of the cross products is twice the area of the triangle with the associated side and one vertex the origin. so the area of abo=26/2=13.

area = (1/2) (26 + 19 +   18 + 27 + 12 + 12) = 57

that checks!

translate k to n and reflect across the line containing jk.