LaShea would like to invest her $100 in birthday money. Which option will give her the most money at the end of the investment period?
1 year at 8 percent
1.5 years at 7 percent
2 years at 6.5 percent
3 years at 4 percent

Question

Hoodmemes · Answer

We need to compare the investments.

$$8\div100=0.8 $$

Multiply (0.8) by the year which is (1)

$$0.8\times1=0.8$$

(0.8) can also be known as (8 dollars)

At the end of option A.) investment plan she would have (8) dollars

$$7\div100=0.07$$

(0.07) can also be known as (7 dollars)

Multiply (0.07) by the year which is (1.5)

$$0.07\times1.5=0.105$$

(0.105) can also be known as (10.5)=(10.50)

At the end of option B.) investment plan she would have  (10.50) dollars

(6.5) doesn't need to change at all

Multiply (6.5) by the year which is (2)

$$6.5\times2=13$$

At the end of option C.) investment plan she would have  (13) dollars

$$4\div100=0.04$$

Multiply (0.04) by the year which is (3)

$$0.04\times3=0.12$$

(0.12) can also be known as (12) dollars.

At the end of option D.) investment plan would have (12) dollars

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So with all this being said answer option C.)2 years at 6.5 percent would be correct due to the fact it has the greatest amount of money which is (13) dollars at the end of the  investment period.