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4 August, 14:33

Lehana and Marty each opened a savings account with a deposit of $100. Lehana earned 2.5% simple interest per year. Marty earned 2% simple interest per year. Neither of them made additional deposits or withdrawals. How much more did Lehana receive in interest than Marty after three years?

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  1. 4 August, 14:50
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    100*.025*3=7.5 100+7.5=107.5

    100*.02*3=6 100+6=106

    107.5-106=1.5

    $1.50
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