8
QuizMultiple Choice

Compound Interest — Unit test

Question 8 • 26-27 Ignite Technical Math-Financial Math - MA2007

Henry and Walter open savings accounts at the same time. Henry invests $6,500 at 4.54% simple interest, and Walter invests $7,100 at 4.74% simple interest. After eight years, how much more interest has Walter earned than Henry?a.$331.52b.$420.67c.$631.52d.$719.59

Answer
A
A
B
B
C
C
D
D
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