Mathematics, 24.03.2021 22:00 sggg497
Patricia is investing money. She has $10,000.00 to invest for 25 years. She can choose either simple interest at 1% interest, or compound interest at 1% interest, compounded annually.
A.
A simple interest investment would be better because Patricia would earn $2,824.32 in simple interest.
B.
A simple interest investment would be better because Patricia would earn $2,500.00 in simple interest.
C.
A compound interest investment would be better because Patricia would earn $2,824.32 in compound interest.
D.
A compound interest investment would be better because Patricia would earn $2,500.00 in compound interest.
Answers: 3
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Patricia is investing money. She has $10,000.00 to invest for 25 years. She can choose either simple...
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