Mathematics, 06.05.2020 03:33 pog2923
Anastasia was trying to decide which investment plan would be best over 10 years. Bank A was offering 8.5% simple interest on her money using the formula I = P r t. Bank B was offering 8% compounded annually using the formula A = P (1 + r) Superscript t. Which bank is a better investment if she has $2,000 to invest for 10 years?
Answers: 3
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Anastasia was trying to decide which investment plan would be best over 10 years. Bank A was offerin...
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