Haleysaraya1
Haleysaraya1
28.03.2021 • 
Mathematics

You are given a choice of taking the simple interest on ​$100,000 invested for 2 years at a rate of 4​% or the interest on ​$100,000 invested for 2 years at an interest rate of 4 ​% compounded . Which investment earns the greater amount of​ interest? Give the difference between the amounts of interest earned by the two investments.

Solved
Show answers

Ask an AI advisor a question