Tina has $1000 per year she can invest to save money for her future. Among the following options, which one would allow the highest growth for Tina's investment?
a) With a fixed annual interest rate of 2%.
b) With a fixed annual interest rate of 5%.
c) With a variable interest rate averaging 3% annually.
d) With a variable interest rate averaging 6% annually.

Question

27-06-2024
Business

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Tina has $1000 per year she can invest to save money for her future. Among the following options, which one would allow the highest growth for Tina's investment?
a) With a fixed annual interest rate of 2%.
b) With a fixed annual interest rate of 5%.
c) With a variable interest rate averaging 3% annually.
d) With a variable interest rate averaging 6% annually.

Sagot :

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