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Michael has 2 options to invest $10,000: 1. 4% Simple Interest for 10 years. 2. 3.25% Compound Interest for 10 years. Which will earn him more money? Question 2 options: Option …

Michael has 2 options to invest $10,000: 1. 4% Simple Interest for 10 years. 2. 3.25% Compound Interest for 10 years. Which will earn him more money? Question 2 options: Option …
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Michael has 2 options to invest $10,000: 1. 4% Simple Interest for 10 years. 2. 3.25% Compound Interest for 10 years. Which will earn him more money? Question 2 options: Option 1 Option 2 They are equal

asked
User Jonathan Striebel
by
7.9k points

1 Answer

5 votes

Answer:

Option C

Step-by-step explanation:

They are equal

answered
User Notacouch
by
8.5k points
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