Maggie is considering two investments. Investment AInvestment BPrincipal$10,000$8,000Interest rate3%2.8%Time in years515 Which investment will be worth more at the end of the investment period?
Answer
A
Investment A will be worth more because the interest rate is lower than the interest rate for investment B.
B
Investment A will be worth more because the total of the principal and the interest earned for investment A is greater than the same total for investment B.
C
Investment B will be worth more because the length of time is greater than the length of time for investment A.
D
Investment B will be worth more because the total of the principal and the interest earned for investment B is more than the same total for investment A.