Register

Which of the following plans will produce the greater earnings for an investment of $500 over 5 years? ​ Plan A: simple interest rate of 6.75% Plan B: rate of 6.5% compounded an…

Which of the following plans will produce the greater earnings for an investment of $500 over 5 years? ​ Plan A: simple interest rate of 6.75% Plan B: rate of 6.5% compounded an…
125k views
3 votes
Which of the following plans will produce the greater earnings for an investment of $500 over 5 years? ​

Plan A: simple interest rate of 6.75%
Plan B: rate of 6.5% compounded annually

Please help as fast as possible! Tysm <3

User Jaded
by
7.8k points

2 Answers

6 votes

Answer:

plan a

Explanation:

User Alfetopito
by
8.6k points
2 votes
i believe the answer is plan b: rate of 6.5% compounded annually.
User Roaring Stones
by
8.3k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!