Mathematics, 22.05.2021 01:10, amandamac7339

#12 Bob and Sarah invest $7000 each for 5 years. Bob invests his money at 3.5% simple interest and Sarah invests her money at 3.5% interest compounded annually. How much more interest will Sarah have earned than Bob at the end of the 5 years?
A) $1225.00
B) $1313.80
C) $7090.80
D) $88.80

Answers: 3

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#12 Bob and Sarah invest $7000 each for 5 years. Bob invests his money at 3.5% simple interest and...