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Gerald has $\$20 \; 000$ to invest in Company $\mathrm{A}$ or Company $\mathrm{B}$.
Company $\mathrm{A}$ offers $3.8\%$ per annum simple interest.
Company $\mathrm{B}$ offers $3.5\%$ per annum compound interest compounded half-yearly. Gerald would like to invest this amount of money for a period of $5$ years.
Which company should he invest in? Explain your answer.

Gerald has $\$20 \; 000$ to invest in Company $\mathrm{A}$ or Company $\mathrm{B}$.

Company $\mathrm{A}$ offers $3.8\%$ per annum simple interest.

Company $\mathrm{B}$ offers $3.5\%$ per annum compound interest compounded half-yearly.  Gerald would like to invest this amount of money for a period of $5$ years.

Which company should he invest in? Explain your answer.

Comparing Simple and Compound Interest Plans

Simple vs Compound Interest: Best Investment Choice

Standard Form and Compound Interest

Faith deposited $\$12 \; 000$ in Bank $\mathrm{A}$ that pays $2\%$ per annum simple interest. 
She also deposited the same amount in Bank $\mathrm{B}$ that pays $1.95\%$ per annum compound interest compounded monthly. 
Find the total amount of money she will receive from the two banks at the end of $3$ years.

Faith deposited $\$12 \; 000$ in Bank $\mathrm{A}$ that pays $2\%$ per annum simple interest.  

She also deposited the same amount in Bank $\mathrm{B}$ that pays $1.95\%$ per annum compound interest compounded monthly.  

Find the total amount of money she will receive from the two banks at the end of $3$ years.

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