Anagrace has $200 to invest for 10 years. If her local bank pays 7% simple interest on an investment but a national bank pays 5% interest compounded annually, which is the better choice? How much money would she have after 10 years if she chose the local bank?
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Anagrace has $200 to invest for 10 years. If her local bank pays 7% simple interest on an investment but a national bank pays 5% interest ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Mathematics » Anagrace has $200 to invest for 10 years. If her local bank pays 7% simple interest on an investment but a national bank pays 5% interest compounded annually, which is the better choice?