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