Maggie is considering two investments. which investment will be worth more at the end of the investment period? a.) investment a will be worth more because the interest rate is lower. b.) investment a will be worth more because the total of the principal and the interest earned for investment a is greater than the same total for investment b. c.) investment b will be worth more because the length of time is greater than the length of time for investment a. d.) investment b will be worth more because the total of the principal and the interest earned for investment b is more than the same total for investment a.

Option B is the answer.

Step-by-step explanation:

As it is not given if the amount is compounded, so we will consider it a simple interest.

First:

p = 10000

r = 3%

t = 3

So, putting these values in simple interest formula we get:

dollars

So, amount becomes : dollars

Second:

p = 8000

r = 2.8%

t = 15

So, putting these values in simple interest formula we get:

dollars

So, amount becomes: dollars

Now comparing both the values at the period end, we can conclude that investment A will be worth than investment B.

Answer is option B.) Investment A will be worth more because the total of the principal and the interest earned for investment A is greater than the same total for investment B.

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step-by-step explanation: