The calculation of simple interest for a $100,000 investment at 6% for 5 years would be A)

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The calculation of simple interest for a $100,000 investment at 6% for 5 years would be

A) Less than compound interest

B) More than compound interest

C) The same under both simple and compound interest since the amount is under $125,000

D) The same under both simple and compound interest since the amount is under $155,000

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Nov 22, 2023 04:21 AM

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The calculation of simple interest for a $100,000 investment at 6% for 5 years would be A)

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SimpleInterestPRT where P is the principal amount the initial investment ... View the full answer

Income Tax Fundamentals 2013

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