subject
Mathematics, 13.10.2019 13:10 levicorey846

Anastasia was trying to decide which investment plan would be best over 10 years. bank a was offering 8.5% simple interest on her money using the formula i=prt bank b was offering 8% compounded annually using the formula a=p(1+r)^t. which bank is a better investment if she has $2,000 to invest for 10 years?

a. bank a is the better investment. in 10 years, her $2,000 will grow to $4,317.85, and with bank b, her $2,000 will grow to $3,700.

b. bank b is the better investment. in 10 years, her $2,000 will grow to $4,317.85, and with bank a, her $2,000 will grow to $3,600.

c. bank a is the better investment. in 10 years, her $2,000 will grow to $4,521.97, and with bank a, her $2,000 will grow to $3,700.

d. bank b is the better investment. in 10 years, her $2,000 will grow to $4,317.85, and with bank a, her $2,000 will grow to $3,700.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 17:30
Noor brought 21 sheets of stickers. she gave 1/3 of a sheet to each of the 45 students at recess. she wants to give teachers 1 1/2 sheets each.
Answers: 2
question
Mathematics, 21.06.2019 17:30
Jabari is power washing houses for a summer job. for every job, he charges an initial fee plus $30 for each hour of work. his total fee for a 4 -hour job, for instance, is $170 . jabari's total fee,f, for a single job is a function of the number,t, of hours it takes him to complete the job. write the function's formula.
Answers: 2
question
Mathematics, 21.06.2019 19:00
Moira has a canvas that is 8 inches by 10 inches. she wants to paint a line diagonally from the top left corner to the bottom right corner. approximately how long will the diagonal line be?
Answers: 1
question
Mathematics, 21.06.2019 20:10
Select the correct answer what is the most direct use of a compass in geometric constructions? a. to draw congruent angles b. to draw arcs of a given size c. to draw perpendicular lines d. to draw straight lines reset next next
Answers: 2
You know the right answer?
Anastasia was trying to decide which investment plan would be best over 10 years. bank a was offerin...
Questions
question
Mathematics, 31.03.2020 22:32
question
Mathematics, 31.03.2020 22:32
question
Mathematics, 31.03.2020 22:32
question
Mathematics, 31.03.2020 22:32
question
Mathematics, 31.03.2020 22:32
question
Mathematics, 31.03.2020 22:32
Questions on the website: 13722367