Ask Question
7 November, 10:00

Coach Posey has $10,000 to invest. He can go to Bryant Bank that pays 5% simple interest or Hornets Bank that pays 4% interest compounded monthly. If he plans on investing for 12 years, How much will he have if he uses Bryant Bank?

+3
Answers (1)
  1. 7 November, 10:27
    0
    Coach posey will have 60,000 dollars at bryant bank,.5x12=6, 6x10000=60000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Coach Posey has $10,000 to invest. He can go to Bryant Bank that pays 5% simple interest or Hornets Bank that pays 4% interest compounded ...” 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