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C
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\(\pi\)
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\(\frac{a}{b}\)
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\(\sqrt{\,}\)
\(a^{b}\)
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You have \(\dollar 20\,000\) to invest for 5 years and there are 2 possible options you have been offered:
Option 1: Invest at \(7\pourcent\) p.a. simple interest.
Option 2: Invest at \(6\pourcent\) p.a. compound interest.
Calculate the amount accumulated at the end of the 5 years for option 1 (round to the nearest integer):
7
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dollars
Calculate the amount accumulated at the end of the 5 years for option 2 (round to the nearest integer):
7
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9
4
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6
1
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0
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dollars
Decide which option to take.
Option 2
Option 1
Exit