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?

Question

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

Answer 1

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

Answer 2

its C

Answer 3

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 ;(

Answer 4

Everyone dab for me XD