Question

Please help, much appreciated, will give brainliest :)
1. To save for a new car, latanya has $3000 to invest and has two investment options to choose from as started below.
option 1: An account that pays 4.8% per year, compounded monthly for 3 years.
option 2: An account that pays 5.2% per year, compounded semi-annually for 3 years.
Which is the better investment and by how much?

Thank you!!!

Answer 1

Answer:

so if you multiple4.8 percent by 3,000 u get 144 and then u divide by 3 and that u u 48 dollars per year