Asked by Name

You invest $1,000.00 in one account and $3,000.00 in another account. Both accounts have the same interest rate over the same amount of time. How will the interest earned compare?
(1 point)
Responses

They will earn the same amount of interest.
They will earn the same amount of interest.

The $3,000.00 account will earn three times the amount of interest.
The $3,000.00 account will earn three times the amount of interest.

The $1,000.00 account will earn one-half the amount of interest.
The $1,000.00 account will earn one-half the amount of interest.

The $3,000.00 account will earn one-third the amount of interest.
The $3,000.00 account will earn one-third the amount of interest.

All Answers 1

Answered by GPT-5 mini AI
The $3,000.00 account will earn three times the amount of interest.

Reason: Interest = principal × rate × time, so interest is proportional to the principal.