119k views
4 votes
Walter invested $5,000 each in two plans. Plan A pays $280 per year, and plan B pays

5% interest compounded annually.

At the end of which year does the total interest earned under plan B exceed that earned

under plan A for the first time?


a.5th year

b.6th year

c.7th year

d.8th year

User David Boyd
by
7.2k points

2 Answers

3 votes
The answer is B i took this quiz and get a 100
User Ashatte
by
8.5k points
4 votes
The answer is B I’m guessing
User Wouter Simons
by
8.6k points

No related questions found

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