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EliHarris517
EliHarris517
14.12.2019 • 
Mathematics

patricia is investing money. she has $30,000.00 to invest for 25 years. she can choose either simple interest at 1.6% interest, or compound interest at 1.6% interest, compounded annually.

which is the better investment?
a.
a compound interest investment would be better, because patricia would earn $12,000.00 in compound interest.

b.
a compound interest investment would be better, because patricia would earn $14,613.26 in compound interest.

c.
a simple interest investment would be better, because patricia would earn $12,000.00 in simple interest.

d.
a simple interest investment would be better, because patricia would earn $14,613.26 in simple interest.

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