Question

Which is the better investment over ten years: $20000 at 12% compound interest or $30 000 at 8% compound interest?
(show process)​

Answer 1

For 20000 at 12% , compound interest alone will be 42116.96 total= 20000+42116.96=62116.96$

for 30000 at 8% , compound interest alone will be

34767.75 total= 30000+ 34767.75=64767.75$

Better investment will be 20000 at 12% interest