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 22:30
Maria found the least common multiple of 6 and 15. her work is shown below. multiples of 6: 6, 12, 18, 24, 30, 36, 42, 48, 54, 60, . . multiples of 15: 15, 30, 45, 60, . . the least common multiple is 60. what is maria's error?
Answers: 1
Mathematics, 21.06.2019 23:00
Which of the following scenarios demonstrates an exponential decay
Answers: 1
Mathematics, 21.06.2019 23:30
It takes an ant farm 3 days to consume 1/2 of an apple. at that rate, in how many days will the ant farm consume 3 apples
Answers: 1
Mathematics, 22.06.2019 00:30
If m_b=mzd= 43, find mzc so that quadrilateral abcd is a parallelogram o 86 137 o 129 43 description
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, 04.09.2020 18:01
History, 04.09.2020 18:01
Computers and Technology, 04.09.2020 18:01
Arts, 04.09.2020 18:01
Mathematics, 04.09.2020 18:01
Social Studies, 04.09.2020 18:01
History, 04.09.2020 18:01
Social Studies, 04.09.2020 18:01
Chemistry, 04.09.2020 18:01
Business, 04.09.2020 18:01
