Answered

At Westonci.ca, we provide clear, reliable answers to all your questions. Join our vibrant community and get the solutions you need. Get immediate answers to your questions from a wide network of experienced professionals on our Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

If I'm investing 5,000 and can invest for 2 years or 3 years at 1.75% and 1.25% interest rates respectively which earns more interest

Sagot :

Answer:

By calculating the simple interest for both scenarios, it's determined that the 3-year investment at a 1.25% interest rate earns more interest ($187.50) compared to the 2-year investment at a 1.75% interest rate ($175).

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.