PLEASE HELP!!!
Patricia is investing money. She has $30,000.00 to invest for 25 years. She can choose either simple interest at 1.6% interest, or compound interest at 1.6% interest, compounded annually.
Which is the better investment?
A compound interest investment would be better, because Patricia would earn $12,000.00 in compound interest.
A compound interest investment would be better, because Patricia would earn $14,613.26 in compound interest.
A simple interest investment would be better, because Patricia would earn $12,000.00 in simple interest.
A simple interest investment would be better, because Patricia would earn $14,613.26 in simple interest.
