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20 October, 13:03

Michael has two options to invest $10,000. Which option will earn the most money?

A. 6% simple interest for 10 years.

B. 5% simple interest for 12 years.

C. They are the same.

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Answers (1)
  1. 20 October, 15:11
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    They are both the same because when you Multiply 10,000 and 6% you get 600 and then you multiply that by 10 years you get 6,000 dollars and than you do the same with the 5% but multiply the sum by 12 years and you get 6,000 also so gives you that they are both the some income so I would say Michael should just keep the $10,000
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