Aria is investing $6,700 of her savings from her
summer job for her college fund. She is planning to
invest the amount for 3 years and can choose
between simple interest at 6.5% and compound
interest at 6%. Find the difference between the two
interest earning types to help Aria decide which
investing option is best for her. (1 point)
Aria should invest with 6.5% simple interest
because it will result in $187.26 more in interest
earnings.
Aria should invest with 6% compound interest
because it will result in $73.81 more in interest
earnings.
Aria should invest with 6.5% simple interest
because it will result in $26.69 more in interest
earnings.
Aria should invest with 6% compound interest
because it