Mathematics, 01.12.2020 07:20 marianasanin2007
Rob has $2,000.00 to invest for 3 years. He can choose either simple interest at 11.2% interest, or compound interest at 5.6% interest, compounded annually.
Which is the better investment?
A.
A compound interest investment would be better, because Rob would earn $355.17 in compound interest.
B.
A compound interest investment would be better, because Rob would earn $672.00 in compound interest.
C.
A simple interest investment would be better, because Rob would earn $672.00 in simple interest.
D.
A simple interest investment would be better, because Rob would earn $355.17 in simple interest.
Answers: 1
Another question on Mathematics
Mathematics, 21.06.2019 20:10
21 type the correct answer in the box. use numerals instead of words. if necessary, use / for the fraction bar. the solution set of n2 - 14n = -45 is { (separate the solutions with a comma)
Answers: 3
Mathematics, 21.06.2019 22:30
Given that y varies directly to the square root of (x + 1), and that y = 1 when x = 8,(a)express y in terms of .x,(b)find the value of y when x = 3,(c)find the value of x when y = 5.
Answers: 1
Mathematics, 21.06.2019 23:20
Which expression is a factor of 12x2 + 29x – 8? x – 8 2x – 1 3x + 8 4x + 1
Answers: 1
You know the right answer?
Rob has $2,000.00 to invest for 3 years. He can choose either simple interest at 11.2% interest, or...
Questions
Mathematics, 17.10.2021 01:10
Biology, 17.10.2021 01:10
Social Studies, 17.10.2021 01:10
English, 17.10.2021 01:10
History, 17.10.2021 01:10
Arts, 17.10.2021 01:10
Mathematics, 17.10.2021 01:10
Mathematics, 17.10.2021 01:10
Mathematics, 17.10.2021 01:10
Mathematics, 17.10.2021 01:10
Mathematics, 17.10.2021 01:10
Mathematics, 17.10.2021 01:10
Mathematics, 17.10.2021 01:10
English, 17.10.2021 01:10
