A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 one year ago
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
 one year ago
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.

This Question is Closed

JoannaBlackwelder
 one year ago
Best ResponseYou've already chosen the best response.2Makes sense to me :)

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0I concur with JoannaBlackwelder

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0okay then im gonna go with B! thanks

amistre64
 one year ago
Best ResponseYou've already chosen the best response.0there is no indication that one was a difference interest calculation then the other

amistre64
 one year ago
Best ResponseYou've already chosen the best response.0B makes the most sense of course, but its asking you to make that assumption.

amistre64
 one year ago
Best ResponseYou've already chosen the best response.0another 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 whatifables.
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.