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A woman can invest some money at 10% simple interest or at 8% compound interest. If she invests $8000 for 3 years, find which is the more profitable investment and by how much.
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4 votes
A woman can invest some money at 10% simple interest or at 8% compound interest. If

she invests $8000 for 3 years, find which is the more profitable investment and by how much.

User Nioq
by
8.5k points

1 Answer

4 votes

Answer:

3/12 percent

Explanation:

User Stefan Jung
by
8.0k points
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