Answer:
Option A and option B
Step-by-step explanation:
Given that
Sophia wants to invest $6,000
There are two investment options
Option A pays 2.2% simple interest
and, Option B pays 2% interest compounded annually
Now we need to find out which option is the best choice
In the case when Sophia wants to invest for 10 years, so she should select
option A as the investment will have highest value.
In the case when Sophia wants to invest for 20 years, so she should select
option B as the investment will have highest value.
