Question
Instruction: Use 2 decimal places only. If you are offered the following investment opportunity, which option will you choose for the best interest earned if
Instruction: Use 2 decimal places only. If you are offered the following investment opportunity, which option will you choose for the best interest earned if you can afford to invest a total of 20,000? You can invest multiple times in an option based on your available fund (20,000).Option 1, Principal is 10,000.00pesos, rate is 3% and term is 9 months, how much interest I earned if I have invested 20,000pesos? Option 2, Principal is 5,000pesos, rate is 2% and term is 1 year, how much interest I earned if I have invested 20,000pesos? Option 3, Principal is 20,000pesos, rates is 8%, and term is 4 months, how much interest I earned if I have invested 20,000pesos? Option 4, principal is 4,000pesos, rate is 1% and terms is 2.5 years, how much interest I will earned if I have invested 20,000pesos? Whic option is best to use? PS. if you will not optimize your fund of 20,000( for each option)you will arrive at a wrong answer.
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