Answer:
You would have $1.50 more interest if you deposited $200 than if you deposited $150.
Step-by-step explanation:
Given that the interest rate is 3%, we can calculate the interest for each deposit amount
For $100:
Interest = $100 × 0.03 = $3
For $50:
Interest = $50 × 0.03 = $1.50
For $300:
Interest = $300 × 0.03 = $9
So, the completed ratio table is:
Deposit ($) 100, 150, 50, 300
Interest ($) 3, 4.5, 1.5, 9
To find out how much more interest you would have if you deposited $200 than if you deposited $150, we need to subtract the interest earned with $150 from the interest earned with $200.
Interest with $200:
Interest = $200 × 0.03 = $6
Interest with $150:
Interest = $150 × 0.03 = $4.50
Now, we can calculate the difference:
$6 - $4.50 = $1.50
