Simply Savings Bank offers a simple interest rate of 10% per year. Compound Capital Bank offers an interest rate of 8% per year compounded continuously. If Shakira plans to invest $200 for 5 years, which bank should she choose?

She should choose the Simply Savings Bank, since she'll earn around 2 dollars more in comparison to the other bank.

Step-by-step explanation:

A simple interest rate account yields a return that follows the formula below:

Where C is the invested money, r is the interest rate and t is the elapsed time in years.

While a compound interest rate account yields a return that follows the formula below:

Therefore for the Simply Saving Bank she'll earn:

While the Capital Bank she'll earn:

She should choose the Simply Savings Bank, since she'll earn around 2 dollars more in comparison to the other bank.

v: l•w•h÷2.

v: 20•6•8 ÷2

v: 960÷2

v: 480

the answer is a

step-by-step explanation: