Question

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

Answer 1

plan a

Explanation:

Answer 2

i believe the answer is plan b: rate of 6.5% compounded annually.