In 2002, a group of investors invested 100,000 at 3.5% for 1 year. in 2003, intrest rates climbed to 5.5%. How much more money would the investors have made by investing the same amount of money at 2003 intrest rate? A.200.00
B.2,000.00
C.9.000.00
D.20,000.00

step-by-step explanation:

where is the questions

2500

step-by-step explanation:

savings account is an account only used for saving money. this acts as an emergency source of funding for an individual. answer a would result in the money in his account to grow as it specifically states that interest is compounded daily at the rate of 2%

step-by-step explanation:

$3720

step-by-step explanation:

taxable income = $31000

as per the 2018-2019 us tax bracket, the tax rate is 12% for an individual whose taxable income is between $9,526 to $38,700.

so, the tax to be paid by him = 12% of 31000

= 0.12 * 31000     [12% converted to decimal as 0.12]

= $3720