Christine and Joe each opened a separate account with $2000. They were each offered a 7% interest rate for 2 years. After 2 years, Christine earned more than Joe. Why?

A.
Christine earned simple interest, and Joe earned compound interest.

B.
Christine earned compound interest, and Joe earned simple interest.

C.
Christine invested for a different amount of time than Joe.

D.
Christine had a different interest rate than Joe.

Question

Christine and Joe each opened a separate account with $2000. They were each offered a 7% interest rate for 2 years. After 2 years, Christine earned more than Joe. Why?
 
 A.
Christine earned simple interest, and Joe earned compound interest.
 
 B.
Christine earned compound interest, and Joe earned simple interest.
 
 C.
Christine invested for a different amount of time than Joe.
 
 D.
Christine had a different interest rate than Joe.

anonymous · Answer

i think its B

joannablackwelder · Answer

Makes sense to me :-)

anonymous · Answer

I concur with JoannaBlackwelder

anonymous · Answer

okay then im gonna go  with B! thanks

amistre64 · Answer

there is no indication that one was a difference interest calculation then the other

amistre64 · Answer

B makes the most sense of course, but its asking you to make that assumption.

amistre64 · Answer

another assumption could be that Joe made withdrawls?  or Christina made deposits?  if we are going to just delve into whatifs, then whose are just as whatif-ables.