Question

Constance will put $500 in a savings account. Which option should she choose so that she will have the most money?

1 year at 12 percent
1 year at 9 percent
2 years at 7 percent
2 years at 5 percent

Answer 1

B

Explanation:

I got 100 percent

Answer 2

2 years at 7 percent

Explanation:

Let's do math on each option

$500 x .12 = $60 interest

$500 x .09 = $45 interest

$500 x 0.07 = $35 x 2 = $70 interest

$500 x 0.05 = $25 x 2 = $50 interest