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A chartered bank offers a rate of 5.5% on investments between $25,000 and $59,999 and a rate of 5.75% on investments from $60,000 to $99,999

  1. A chartered bank offers a rate of 5.5% on investments between $25,000 and $59,999 and a rate of 5.75% on investments from $60,000 to $99,999 in 90 to 365 day GIC's. How much more will an investor earn from a single $80,000, 180 day GIC than from two $40,000, 180 day GIC's?

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