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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.
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Anastasia was trying to decide which investment plan would be best over 10 years. bank a was offerin...
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