If you invested $500 at 5% simple interest for 2 years, how much interest do you earn? Show work and answer in complete sentence

Question

4 years ago

14

If you invested $500 at 5% simple interest for 2 years, how much interest do you earn? Show work and answer in complete sentence

s 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?

Mathematics

1 answer:

-Dominant- [34] · Answer 1 · 2021-12-22T12:14:05+03:00

-Dominant- [34]4 years ago

4 0

Answer:

i would rather do 3% compounded interest

Step-by-step explanation:

Because it is monthly and i think the other one is yearly