Morris has $1,000 to invest. He is considering two investment options. Option A pays 0.5% simple interest. Option B pays 0.75% interest compounded annually. What is the value of each investment option at 5 years?

Therefore total amount after at the rate of % is .

Therefore total amount after at the rate of % is .

Step-by-step explanation:

Given that,

                 Principle Amount , Time and he is considering two investment options. According to his investment options, Rate of simple interest for option is % and Rate of compounded Interest for option is %.

Now, considering option .

                     Principle Amount

                    Time

                    Rate of Interest %

Simple Interest

Total Amount Principle Amount Simple Interest

Therefore total amount after at the rate of % is .

Now, considering option .

                        Principle Amount

                       Time

                       Rate of Interest %

Total Amount after

Therefore total amount after at the rate of % is .

false

step-by-step explanation: