Ask Question
13 April, 00:08

If you invested $500 at 5% simple interest for 2 years, how much interest do you earn? Show work and answer in complete sentences to earn full credit.

If you invest $500 at 3% compounded monthly for 2 years, how much interest you do earn? Show work and answer in complete sentences to earn full credit.

Which would you rather do?

+3
Answers (1)
  1. 13 April, 01:51
    0
    i would rather do 3% compounded interest

    Step-by-step explanation:

    Because it is monthly and i think the other one is yearly
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If you invested $500 at 5% simple interest for 2 years, how much interest do you earn? Show work and answer in complete sentences to earn ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers