Q:

Maggie is considering two investments.Which investment will be worth more at the end of the investment period?A.) Investment A will be worth more because the interest rate is lower.B.) Investment A will be worth more because the total of the principal and the interest earned for investment A is greater than the same total for investment B.C.) Investment B will be worth more because the length of time is greater than the length of time for investment A.D.) Investment B will be worth more because the total of the principal and the interest earned for investment B is more than the same total for investment A.

Accepted Solution

A:
B is correct:
because I=prt and A in 5 years =$1500 and B in 15 years is $3360
but investment A in 15 years would be $4500.