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15 April, 21:39

Kevin invests $800 in an account that earns 5% simple interest. Jeremy invests $600 in an account earning 6% interest compounded annually. Who will have earned more interest after 3 years? How much more?

A.

Kevin will have earned $5.39 more than Jeremy after 3 years.

B.

Jeremy will have earned $5.39 more than Kevin after 3 years.

C.

Kevin will have earned $18.10 more than Jeremy after 3 years.

D.

Jeremy will have earned $18.10 more than Kevin after 3 years.

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Answers (2)
  1. 15 April, 23:03
    0
    the correct answer to the question is option A
  2. 16 April, 01:27
    0
    The answer is b Jeremy will have more money than kevin
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