If you have $200 to invest for 10 years, would you rather invest your money in a bank that pays 7% simple interest or 5% interest compounded annually? Is there anything you could change in the problem that would make you change your answer?

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06-11-2022
Mathematics

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If you have $200 to invest for 10 years, would you rather invest your money in a bank that pays 7% simple interest or 5% interest compounded annually? Is there anything you could change in the problem that would make you change your answer?

Sagot :

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