PLEASE HELP!
Melissa has $1,500.00 to invest for 5 years. She can choose either simple interest at 6.8% interest, or compound interest at 13.6% interest, compounded annually.
Which is the better investment?
A
A simple interest investment would be better, because Melissa would earn $510.00 in simple interest.
B
A compound interest investment would be better, because Melissa would earn $510.00 in compound interest.
C
A simple interest investment would be better, because Melissa would earn $1,337.81 in simple interest.
D
A compound interest investment would be better, because Melissa would earn $1,337.81 in compound interest.
Melissa has $1,500.00 to invest for 5 years. She can choose either simple interest at 6.8% interest, or compound interest at 13.6% interest, compounded annually.
Which is the better investment?
A
B
C
D
