1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kicyunya [14]
2 years ago
13

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.
Mathematics
1 answer:
Harlamova29_29 [7]2 years ago
6 0

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

You might be interested in
What is 4,321,109,432 rounded to the nearest ten million
SOVA2 [1]
To round to the nearest ten million, you look at the millions digit. In this case, the millions digit is 1, which is less than 5, so you round the number down to 4,320,000,000.
5 0
3 years ago
Read 2 more answers
What is the answer to y=1/2x=2=x-1
Alborosie

Answer:

264647401977373+3637397374+739-739376536372801826464783920182773636373+7373839292901-278282

4 0
3 years ago
I need help with this one
Anika [276]

Answer:

B

Step-by-step explanation:

if you look closely, you can see that the side of it goes up 2, then 2, then 1.

7 0
3 years ago
Read 2 more answers
What's the difference between perpendicular bisectors and altitudes
FromTheMoon [43]
Perpendicular bisectors help you find the centroid; altitudes help find the orthocenter. This is all in a triangle.
4 0
3 years ago
Idk what the question means
maksim [4K]

the answer to this question is c

8 0
3 years ago
Read 2 more answers
Other questions:
  • Identify the type of sampling used​ (random, systematic,​ convenience, stratified, or cluster​ sampling) in the situation descri
    12·1 answer
  • 23 tens is the same as
    9·2 answers
  • in a pottery class, a teacher has 2/3 pound of clay for 6 students. If she gives each student a equal amount of clay, how much w
    14·2 answers
  • If jonny have 3x6 dish sope how much do he have
    11·2 answers
  • Answer to -13.62-(27.9)
    9·1 answer
  • A rectangular prism has dimensions of 3x, 5x, and 6x. Write an expression for the total volume of the prism.
    6·2 answers
  • If you horizontally stretch the quadratic function, f(x)=x^2 by a factor of 3 what is the equation of the new function ?
    15·1 answer
  • Click to see the problem
    11·2 answers
  • 3.478 / 37 = ____ can someone explain how to do it I don't understand long division :,)
    7·1 answer
  • &gt; Simplify the expression: | - 8 - ( + io)<br> 5<br> 12<br> 4.<br> 5<br> 12<br> 4.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!