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Mark invested $5,000 this morning with City Bank at 4.2 percent interest, compounded annually. This afternoon, he discovered that he could have invested his money
Mark invested $5,000 this morning with City Bank at 4.2 percent interest, compounded annually. This afternoon, he discovered that he could have invested his money with Country Bank and earned 4.8 percent interest, compounded annually. How much additional interest could he have earned over the next 10 years if he had invested with Country Bank instead of City Bank?
Select one:
a. $445.87
b. $382.20
c. $428.69
d. $361.92
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