FINANCE

Luke could invest $1000 at simple interest rate of 11% p. a. for 4 years or at 10% p. a. compound interest for the same period of time. Which is the better investment and by how much?

Pls show full working out ty ;)

Step-by-step explanation:

Simple interest rate = 1000(1+11x4) = 4500

= 4500-1000=3500

Comppound interest rate = 100%+10%=110%/100%=1.1%

1000X(1.1)^4=1464.10

3030 ur welcome

step-by-step explanation:

option c) graph of line going through 1, 4 and 3, 10

step-by-step explanation:

let y equal to margo's coin collection

let x equal to number of years

at the begining x=0, y=1 → point=(x,y)→point=(0,1)

she adds 3 coins per year, then y=1+3x

at x=1, y=1+3(1)=1+3→y=4→point=(x,y)→point=(1,4)

at x=3, y=1+3(3)=1+9→y=10→point=(x,y)→point=(3,10)

the graph of line going through (1, 4) and (3, 10), then the option c is the correct.