Mathematics · Simple and Compound Interest
Two investments were made as shown below:
- Account A: $500 invested at 6% annual interest compounded once per year.
- Account B: $1,000 invested with a flat balance increase of $25 per year.
Which of the following is true about the investments?
- Account A: $500 invested at 6% annual interest compounded once per year.
- Account B: $1,000 invested with a flat balance increase of $25 per year.
Which of the following is true about the investments?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Account A earns less money per year than Account B at first but eventually earns more money per year.✓
- 2Account A earns more money per year than Account B at first but eventually earns less money per year.
- 3Account A always earns less money per year than Account B.
- 4Account A always earns more money per year than Account B.
Correct answer
Account A earns less money per year than Account B at first but eventually earns more money per year.
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