Which of the following investments will earn the greatest amount of interest? a. s2.400 invested for 3 years at 5.0% interest b. $1,950 invested for 4 years at 4.0% interest c. $1,600 invested for 8 years at 3.0% interest d, $1,740 invested for 2 years at 8.0% interest

The correct answer is Choice C (see the amounts below)

a. 2400(1.05)^3 = 2778.3    - 2400 =  378.3

b.  1950(1.04)^4 = 2281.22  - 1950 =  331.22 
 
c.  1600(1.03)^8 =   2025.83   - 1600 =  426.83
 
d.  1740(1.08)^2 =  2029.54     - 1740 =  289.54 

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