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80 POINTS AND BRAINLIEST!!!!!!

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.

What you rather do? show and explain your answer or you will be reported

Respuesta :

4spoiderman20

Answer:

The first investment can be shown as T=500*1.5^2 which is 551.25$

The second investment can be shown as T=500*e^(.03*12*2) which is 1077.22$

So the second investment is better

isistheicecube

Answer:

The first investment can be shown as T=500*1.05^2 which is $551.25

The second investment can be shown as T=500*e^(0.03*12*2) which is $1027.22

So the second investment is better

Step-by-step explanation:

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