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3 Points

Annabel and Presley have both invested money in savings accounts with

APYs of 2.4%. If Annabel's account has a balance of $15,000 and Presley's

account has a balance of $18,000, how much more interest does Presley earn

than Annabel?

O

A. $360

B. $792

C. $432

D. $72

SUBM

Respuesta :

Answer:

D

Explanation:

Annual percentage yield is a form of interest that a savings account earns on a deposit in a year ,expressed as a rate of the deposit.

To calculate the difference in the interest earned as per the question , the interest yield by the two accounts are calculated and the differences also worked out.

Annual percentage yield = 2.4 %

Annabel's account balance = 15,000

Annual yield = 2.4% * 15,000 = 360

Presley's account balance = 18,000

Annual yield = 2.4% * 18000 = 432.

Difference = 432 -360 = 70