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You have \(\dollar 8000\) to invest for 5 years and there are 2 possible options you have been offered:
Option 1: Invest at \(9 \pourcent\) p.a. simple interest.
Option 2: Invest at \(8 \pourcent\) p.a. compound interest.
calculatrice
!
e
\(\pi\)
(
)
%
AC
sin
cos
tan
7
8
9
/
\(\sin^{-1}\)
\(\cos^{-1}\)
\(\tan^{-1}\)
4
5
6
*
\(x^2\)
\(\sqrt{\phantom{2}}\)
x
y
1
2
3
-
ln
exp
log
0
.
=
+
Calculate the amount accumulated at the end of the 3 years for option 1 (round to the neareast integer)
7
8
9
4
5
6
1
2
3
C
0
.
dollars
Calculate the amount accumulated at the end of the 3 years for option 2 (round to the neareast integer)
7
8
9
4
5
6
1
2
3
C
0
.
dollars
Decide which option to take.
Option 1
Option 2
Exit