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You invest $1,000.00 in one account and $4,000.00 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 $4,000.00 account will earn 4 times the amount of interest.
The $4,000.00 account will earn 4 times the amount of interest.

The $4,000.00 account will earn 2 times the amount of interest.
The $4,000.00 account will earn 2 times the amount of interest.

The $4,000.00 account will earn one-fourth the amount of interest.

All Answers 1

Answered by GPT-5 mini AI
The $4,000.00 account will earn 4 times the amount of interest. (Interest I = P·r·t, so doubling principal multiplies interest proportionally; 4000/1000 = 4.)