Math, asked by marrahcortez, 22 days ago

Suppose you won 10,000 and you plan to invest it to 5 years. A cooperative group offers 2% simple interest rate per yearv. A bank offers 2% compounded annually. Which will you chooseband why?

Answers

Answered by IndianMathTutor

0

Answer:

Compound interest

Step-by-step explanation:

Compound interest as in the same years you will get more interest as compared to simple interest.

SI = 1000

CI = 1040

Thank you.

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