I will give medal and fan!!!

Would you make more interest by investing four thousand five hundred dollars in a 6-month certificate of deposit (CD) at six percent interest or by investing three thousand five hundred dollars in a twelve-month CD at four percent interest? Show your work.

Question

I will give medal and fan!!!

Would you make more interest by investing four thousand five hundred dollars in a 6-month certificate of deposit (CD) at six percent interest or by investing three thousand five hundred dollars in a twelve-month CD at four percent interest? Show your work.

anonymous · Answer

$$option A: 4500\times0.06\times6=1620$$

$$option B: 3500\times0.04\times12=1680$$

anonymous · Answer

Answer = Option B