Asked by Kennabug

A bank offers two interest account plans. Plan A gives you 6% interest compounded annually. Plan B gives you 13% annual simple interest. You plan to invest 2,000 for the next 4 years. Which account earns you the most interest (in dollars) after 4 years? How much will you have earned?

a) Plan A;$524.95
b) Plan B;$524.95***
c) Plan B;$1,040.00
d) Plan A;$1,040.00

Am I Correct? Please Help
Answered by Reiny
Did you even look at my reply to your same question which you posted less than 1 hour ago ?

http://www.jiskha.com/display.cgi?id=1428346534
Answered by Thaddeus
its C
Answered by This Is The Way Life Goes
Here is to all the ppl who need help!
1.A
2.B
3.D
4.C
5.C
6.C
7.sorry can’t help ya out with this one ;(
Answered by This Is The Way Life Goes
Everyone dab for me XD
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