Question
Jerome wants to invest 25000 as part of his retirement plan he can invest the money at 5..2% simple interest for 30 years or he can invest at 3.8% interest compounded for 30 years which option in more total interest earned
the simple interest formula I=prt and the continuous compounding interest formula is A=pe^rt
the simple interest formula I=prt and the continuous compounding interest formula is A=pe^rt