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17 September, 20:06

If you invested $500 at 5% simple interest for 2 years, how much interest do you earn? Show work and answer in complete sentences to earn full credit.

If you invest $500 at 3% compounded monthly for 2 years, how much interest you do earn? Show work and answer in complete sentences to earn full credit.

Which would you rather do?

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Answers (1)
  1. 17 September, 20:35
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    i would rather do 3% compounded interest

    Step-by-step explanation:

    Because it is monthly and i think the other one is yearly
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