Mathematics, 31.10.2019 02:31 Yek
melissa has $1,500.00 to invest for 5 years. she can choose either simple interest at 6.8% interest, or compound interest at 13.6% interest, compounded annually.
which is the better investment?
a.
a simple interest investment would be better, because melissa would earn $510.00 in simple interest.
b.
a compound interest investment would be better, because melissa would earn $510.00 in compound interest.
c.
a simple interest investment would be better, because melissa would earn $1,337.81 in simple interest.
d.
a compound interest investment would be better, because melissa would earn $1,337.81 in compound interest.
Answers: 2
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melissa has $1,500.00 to invest for 5 years. she can choose either simple interest at 6.8% interest,...
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