213k views
1 vote
(Help needed I don’t understand due soon) Larry is evaluating the best way to invest $5000 how much more money to the nearest dollar will he earn on his investment and 1% compound interest for 10 years then at 1% simple interest for 10 years?

A) $23
B) $500
C) $523
D) $51

User JediKnight
by
8.3k points

1 Answer

5 votes

Answer:

23

Explanation:

I=5000x1

User AttemptedMastery
by
8.2k 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