# Math Check

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

1. 👍
2. 👎
3. 👁
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

1. 👍
2. 👎
2. its C

1. 👍
2. 👎
3. Here is to all the ppl who need help!
1.A
2.B
3.D
4.C
5.C
6.C
7.sorry canâ€™t help ya out with this one ;(

1. 👍
2. 👎
4. Everyone dab for me XD

1. 👍
2. 👎

## Similar Questions

If 7000 dollars is invested in a bank account at an interest rate of 7 per cent per year. A) Find the amount in the bank after 6 years if interest is compounded annually? B) Find the amount in the bank after 6 years if interest is

2. ### Finance

Suppose you have \$2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 6.5% interest, compounded annually. How much will you have when the CD matures?

3. ### Math help! Check my answers ASAP!

1. Which graph most likely describes the distance a person walks in a 24-hour period? (1 point) a. Graph IV** b. Graph II c. Graph I d. Graph III 2. A car traveling at 25 mi/h accelerates to 48 mi/h over the first 5 seconds. It

4. ### compound interest

At the beginning of every year, Molly deposits \$200 in a savings account that offers an interest rate of 20%, compounded annually. The total amount that Molly will have in her account at the end of 3 years is

1. ### Compound Interest

A bank offers a rate of 5.3% compounded semi-annually on its four year GICs(Guaranteed Investment Certificates). What monthly and annually compounded rates should it quote in order to have the same effective interest rate at all

2. ### Math

If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12 years if interest is compounded annually Find the amount in the bank after 12 years if interest is

3. ### Calculus :)

If 8000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the amount in the bank after 11 years if interest is compounded annually ____ Find the amount in the bank after 11 years if interest

4. ### College Algebra

Please help me ASAP!!!!!!!!!!!! I did the work on most of these problems but I am still confused please help. 19. Comparing Investments Russ McClelland, who is self-employed, wants to invest \$60,000 in a pension plan. One

1. ### Alg 2

Suppose you deposit a principal amount of p dollars in a bank account that pays compound interest. If the annual interest rate r (expressed as a decimal) and the bank makes interest payments n times every year, the amount of money

2. ### math

If 3000 dollars is invested in a bank account at an interest rate of 9 per cent per year, find the amount in the bank after 5 years if interest is compounded annually

3. ### Math

Find the future value of \$800 deposited at 5% for 2 years if the account pays simple interest, and the account pays interest compounded annually

4. ### calculus

If 8000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the amount in the bank after 10 years if interest is compounded annually (a) b) Find the amount in the bank after 10 years if interest