If you invested $500 at 5% simple interest for 2 years, how much interest do you earn? Show work and answer in
complete sentences to earn full credit.
If you invest $500 at 3% compounded monthly for 2 years, how much interest you do earn? Show work and
answer in complete sentences to earn full credit.
Which would you rather do?

$50

$30.88

I will invest in simple interest as the interest there is more.

Step-by-step explanation:

If I invested $500 at 5% simple interest for 2 years, then the interest that I will get will be given by the formula

, where P is the invested principal, r is the APR and t is the time in years.

So, in our case, dollars. (Answer)

Now, if I invest $500 at 3% compound interest compounded monthly for 2 years.

Now, using the formula of compound interest we have

, where r is the APR and n is the number of times in a year the principal is compounded.

In our case, dollars. (Answer)

Therefore, I will invest in simple interest as the interest there is more. (Answer)

i believe the answer is 68cm

step-by-step explanation:

i just took 34 x 2 because the space between v and y is the same as y to k.

it is x equals 3   plese mark me really need it

step-by-step explanation: