Sage Decides to Cash in All His Savings to Open

question 116

Multiple Choice

Sage decides to cash in all his savings to open a recording studio.He has three accounts to cash in.The first earned 9 percent for two years.The second earned 6 percent for three years.And the last earned 3 percent for six years.Supposing he started with $5,000 in each account,from which account will he get the most cash?

• A)the two-year account at 9 percent
• B)the three-year account at 6 percent
• C)the six-year account at 3 percent
• D)The accounts are all worth the same.

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A plan or strategy designed to achieve a particular goal or to solve a specific problem.

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A significant choice or judgment that can have a profound impact on the direction or outcome of a process or project.

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