Norah has $50,000 to invest. She is considering two investment options. Option A pays 1.5% simple interest. Option B pays 1.4% interest compounded annually.

Answer with Step-by-step explanation:

We are given that

P=$50,000

For A, r=1.5%

For B,r=1.4%

We know that

Where n=Time(in years)

r=Rate of interest annually

P=Principle value

For A

n=5 years

$53864

n=10 Years

$58027

n=20 years

$67343

For B

n=5 year

$53599

n=10 years

=$57458

n=20 years

$66028

the answer on e2020 is

10

4/5

3/5

4/3

step-by-step explanation:

answear:

a

step-by-step explanation: a