27 Christi has $7,500 to invest. She was offered a simple annual interest rate of 4% for three years, but wants to look at other options. Which of the following changes will increase the interest she earns the most? A Simple interest, 4.2%, 3 years B Simple interest, 4.1%, 3 years C Simple interest, 4%, 3.25 years D Compound interest, 4%, 2,75 years
27 Christi has $7,500 to invest. She was offered a simple annual interest rate of 4% for three years, but wants to look at other options. Which of the following changes will increase the interest she earns the most? A Simple interest, 4.2%, 3 years B Simple interest, 4.1%, 3 years C Simple interest, 4%, 3.25 years D Compound interest, 4%, 2,75 years
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
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Christi has $7500 to invest. She was offered a simple interest annual rate of 4% for three years, but wants to look at other options. Which of the following changes will decrease the interest she earns themost?
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