Ask Question
21 May, 03:32

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.

+2
Answers (1)
  1. 21 May, 03:39
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers