khadijehghanem khadijehghanem

15-12-2020
Mathematics

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Cameron invests $1000. He has a choice of two schemes:
Scheme A offers $25 every year.
Scheme B offers 2% interest compounded annually.
Over what periods of investment (in whole years) is scheme A better than scheme B?

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elietako2 elietako2

15-12-2020

Answer: 2 year

Step-by-step explanation: After 3 years scheme B would be 80$ while Scheme A would be 75$

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