Respuesta :
b cause every time you ad 1 to 1000 it would be 2000 and 1 to 3000 would be 4000 so its 3 more ahead
Answer:
B: The $3,000.00 account will earn 3x the amount of interest.
Step-by-step explanation:
Let us solve this by taking rate and time as 5% and 5 years respectively.
Also let us assume that it is simple interest.
Case 1:
p = 1000
r = 5% or 0.05
t = 5
Interest = p x r x t
Interest earned = [tex]1000\times0.05\times5[/tex]
= $250
Case 2:
p = 3000
r = 5% or 0.05
t = 5
Interest earned = [tex]3000\times0.05\times5[/tex]
= $750
We can see that the interest earned in case 2 is [tex]\frac{750}{250}=3[/tex] times the interest earned in case 1.
So, the correct option will be :
The $3,000.00 account will earn 3x the amount of interest.
