Question
Charles has two investment offers for $200,000 that he has. Bank [A] offers simple interest rate of 3% p.a and bank [B] offers 2.5% interest
Charles has two investment offers for $200,000 that he has. Bank [A] offers simple interest rate of 3% p.a and bank [B] offers 2.5% interest compounded bi-annually. If Charles wants to invest the money for 3 years, which bank will earn him money?
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Personal Finance In A Public World How Technology Social Media And Ads Affect Your Money Decisions
Authors: Bob DePasquale
1st Edition
1637306652, 978-1637306659
