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deidaralove90
25.02.2020 •
Mathematics
If you have $200 to invest for 10 years, would you rather invest your money in a bank that pays 70% simple interest or 5% interest compounded annually?
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Ответ:
Simple Interest
Step-by-step explanation:
Notes:
A is the Accrued amount (total)P is the Principal amount (initial investment)r is the interest Rate (convert percent to a decimal)t is the Time of the investment (in years)We are given; P = 200, r = 70% (.7), t = 10
*******************************************************************************
Simple Interest formula: A = P + Prt
A = 200 + 200(.7)(10)
A = 1600.00
Compound Interest formula:
A = 200(1 + .05)¹⁰
A = 325.78
The $200 investment will result in a larger accrued amount if invested in the bank that pays 70% simple interest.
Ответ:
Right, obtuse, and isosceles. (B, D, E)