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MATH / Diana can either invest 20, 000 dollars for 4 years with a simple interest rate of 6% or an interest rate of 7% which compounds quarterly. How many more dollars, rounded to the nea…

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problem

Diana can either invest 20,00020,\!000 dollars for 44 years with a simple interest rate of 6%6\% or an interest rate of 7%7\% which compounds quarterly. How many more dollars, rounded to the nearest dollar, would she get with the better interest rate than with the worse one?
Plain-text mathematical notation (without MathML)
Diana can either invest 20, 000 dollars for 4 years with a simple interest rate of 6% or an interest rate of 7% which compounds quarterly. How many more dollars, rounded to the nearest dollar, would she get with the better interest rate than with the worse one?
Original LaTeX notation
Diana can either invest $20,\!000$ dollars for $4$ years with a simple interest rate of $6\%$ or an interest rate of $7\%$ which compounds quarterly. How many more dollars, rounded to the nearest dollar, would she get with the better interest rate than with the worse one?

level

Level 5

type

Algebra

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