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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
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2 Answers

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