Question

Which invesment is better $1200 at 9% 2 years or $ 1200 at 8% for 2 years

Answer 1

The investment of $1200 at 9% for 2 years is better than the investment of $1200 at 8% for 2 years. This is because the higher interest rate of 9% will result in a higher return on the investment over the 2 year period.