subject
Mathematics, 13.10.2019 13:10 levicorey846

Anastasia was trying to decide which investment plan would be best over 10 years. bank a was offering 8.5% simple interest on her money using the formula i=prt bank b was offering 8% compounded annually using the formula a=p(1+r)^t. which bank is a better investment if she has $2,000 to invest for 10 years?

a. bank a is the better investment. in 10 years, her $2,000 will grow to $4,317.85, and with bank b, her $2,000 will grow to $3,700.

b. bank b is the better investment. in 10 years, her $2,000 will grow to $4,317.85, and with bank a, her $2,000 will grow to $3,600.

c. bank a is the better investment. in 10 years, her $2,000 will grow to $4,521.97, and with bank a, her $2,000 will grow to $3,700.

d. bank b is the better investment. in 10 years, her $2,000 will grow to $4,317.85, and with bank a, her $2,000 will grow to $3,700.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 14:00
Describe the symmetry of the figure. identify lines of symmetry, if any. find the angle and the order of any rotational symmetry.
Answers: 2
question
Mathematics, 21.06.2019 18:00
Name each raycalculation tip: in ray "ab", a is the endpoint of the ray.
Answers: 2
question
Mathematics, 21.06.2019 20:10
Which expression do you get when you eliminate the negative exponents of 4a^2 b^216a^-3 b
Answers: 3
question
Mathematics, 21.06.2019 22:40
Present age of man is 45 years, 5 years back his age was 4 times age of his son what is present age of his son?
Answers: 2
You know the right answer?
Anastasia was trying to decide which investment plan would be best over 10 years. bank a was offerin...
Questions
question
Mathematics, 09.04.2021 02:20
question
Mathematics, 09.04.2021 02:20
question
Social Studies, 09.04.2021 02:20
question
Mathematics, 09.04.2021 02:20
question
Mathematics, 09.04.2021 02:20
Questions on the website: 13722359