You are given a choice of taking the simple interest on $100 comma 000 invested for 3 years at a rate of 5 % or the interest on $100 comma 000 invested for 3 years at an interest rate of 5 % compounded quarterly. Which investment earns the greater amount of interest? Give the difference between the amounts of interest earned by the two investments.
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You are given a choice of taking the simple interest on $100 comma 000 invested for 3 years at a rate of 5 % or the interest on $100 comma ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » You are given a choice of taking the simple interest on $100 comma 000 invested for 3 years at a rate of 5 % or the interest on $100 comma 000 invested for 3 years at an interest rate of 5 % compounded quarterly.