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A bank investment of $100 is made by Alpha which provides an annual return of 8% (simple interest) and principle plus interest is left in
A bank investment of $100 is made by Alpha which provides an annual return of 8% (simple interest) and principle plus interest is left in the bank for 5 years to accumulate. Beta also invests $100 at this bank for a term of 5 years and earns compound interest compounded annually. At the end of 5 years when the investments are cashed in:
There is not enough information provided to solve this problem.They receive identical amountsBeta receives moreAlpha receives moreAlpha receives $164
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