Mathematics, 22.04.2021 04:10 villarrealc1987

Rob has $2,500.00 to invest for 3 years. He can choose either simple interest at 15.6% interest, or compound interest at 7.8% interest, compounded annually. Which is the better investment? A. A simple interest investment would be better, because Rob would earn $1,170.00 in simple interest.
B. A simple interest investment would be better, because Rob would earn $631.82 in simple interest.
C. A compound interest investment would be better, because Rob would earn $631.82 in compound interest.
D. A compound interest investment would be better, because Rob would earn $1,170.00 in compound interest.

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 18:40, mia12340

The vertex of this parabola is at (-2,-3). when the x-value is -1, the y-value is -5. what is the coefficient of the squared expression in the parabola's equation?

Answers: 2

continue

Mathematics, 21.06.2019 21:00, latinotimo7643

With both problems. a. s.a. p directions on photo ^

Answers: 1

continue

Mathematics, 21.06.2019 22:00, kharmaculpepper

Question 13 (1 point) jerome is starting a new job. his contract states he will earn $42,000 the first year, and will get a 4% raise per year. which function s(x) represents jerome's salary after a certain number of years, x?

Answers: 1

continue

Mathematics, 21.06.2019 22:40, zachstonemoreau

Ntriangle abc, m∠a = 35° and m∠b = 40°, and a=9. which equation should you solve to find b?

Answers: 2

continue

You know the right answer?

Rob has $2,500.00 to invest for 3 years. He can choose either simple interest at 15.6% interest, or...