SOLUTION: Anastasia was trying to decide which investment plan would be best over 10 years. Bank A was offering 8.5% simple interest on her money using the formula I=prt. Bank B was offering
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Question 1101412: Anastasia was trying to decide which investment plan would be best over 10 years. Bank A was offering 8.5% simple interest on her money using the formula I=prt. Bank B was offering 8% compounded annually using the formula I=prt. Which bank is a better investment if she has $2,000 to invest for 10 years? Answer by ikleyn(52786) (Show Source):
