The interest will the CD has earned more than the savings account after 1 year will be $49.90. Then the correct option is B.
The amount of something is expressed as if it is a part of the total which is a hundred. The ratio can be expressed as a fraction of 100. The word percent means per 100. It is represented by the symbol ‘%’.
Greg invests $2,680 in a CD paying 7.0% interest, and $3,060 in an online savings account paying 4.5% interest.
The amount of the interest on the CD will be
→ 2680 × 0.07 = $187.6
The amount of the interest by the online savings will be
→ 3060 × 0.045 = $137.7
Then the interest will the CD has earned more than the savings account after 1 year will be
→ $187.6 - $137.7 = $49.90
More about the percentage link is given below.
https://brainly.com/question/8011401
