Melissa has $1,000.00 to invest for 5 years. She can choose either simple interest at 6.4% interest, or compound interest at 12.
8% interest, compounded annually.
Which is the better investment?
A. A compound interest investment would be better, because Melissa would earn $826.19 in compound interest.
B. A simple interest investment would be better, because Melissa would earn $826.19 in simple interest.
C. A simple interest investment would be better, because Melissa would earn $320.00 in simple interest.
D. A compound interest investment would be better, because Melissa would earn $320.00 in compound interest.
1 answer:
Answer:
A
Step-by-step explanation:
simple interest
1000 x 6.4% x 5 = 320
compound int
1000(1+12.8/100)^5 - 1000=826.188
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Answer:
1 pint=32 1 quart=64 1 gallon=256
Step-by-step explanation:
Well (x+5)(×-6)
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add them all together to get x2-x-30.
I hope this is what you were asking
Step-by-step explanation:
c
