Answer:
The Choices A and B have a Interest amount greater than $800, where;
A's Interest = $840
B's Interest = $810
Step-by-step explanation:
A. $2,000.00 at 6% for 7 years.
Interest = Principal x Time x Interest Rate
Interest = $2,000 x 7 x 0.06
Interest = $840
B. $4,500.00 at 3% for 6 years.
Interest = Principal x Time x Interest Rate
Interest = $4,500 x 6 x 0.03
Interest = $810
C. $1,400.00 at 6% for 9 years.
Interest = Principal x Time x Interest Rate
Interest = $1,400 x 9 x 0.06
Interest = $756
D. $800.00 at 15% for 5 years.
Interest = Principal x Time x Interest Rate
Interest = $800 x 5 x 0.15
Interest = $600
