Answered

IDNLearn.com: Your one-stop destination for finding reliable answers. Ask anything and get well-informed, reliable answers from our knowledgeable community members.

If I'm investing 5,000 and can invest for 2 years or 3 years at 1.75% and 1.25% interest rates respectively which earns more interest

Sagot :

Answer:

By calculating the simple interest for both scenarios, it's determined that the 3-year investment at a 1.25% interest rate earns more interest ($187.50) compared to the 2-year investment at a 1.75% interest rate ($175).

Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! IDNLearn.com is committed to your satisfaction. Thank you for visiting, and see you next time for more helpful answers.