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  • 346#1 6

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    Winston Ong
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    The document compares the interest gained from two different initial amounts over time. It shows that an initial amount of $1000 earned $264.91 in interest, while $1264.91 earned $347.54 in interest. The second amount of interest earned is greater because the initial amount it was gaining interest from was larger.

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    346#1.6 (1)

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    The document compares the interest gained from two different initial amounts over time. It shows that an initial amount of $1000 earned $264.91 in interest, while $1264.91 earned $347.54 in interest. The second amount of interest earned is greater because the initial amount it was gaining interest from was larger.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    7 views1 page

    346#1 6

    Uploaded by

    Winston Ong
    The document compares the interest gained from two different initial amounts over time. It shows that an initial amount of $1000 earned $264.91 in interest, while $1264.91 earned $347.54 in interest. The second amount of interest earned is greater because the initial amount it was gaining interest from was larger.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Winston Ong

    Math 346
    Problem #7

    (a) 1000 = 1264.91


    Interest gained = 1264.91 - 1000 = 264.91
    (b) 1000
    Interest gained = 1612.45 - 1264.91 = 347.54
    (b) is greater than (a) because the initial amount we are gaining interest from is larger in (b) than
    it is compared to (a)

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