Financial Maths DI

Introduction
Mathematical Investigation
See Google sheets.

Analysis/discussion
After 10 years using simple interest the amount of interest earned is $1,150, the
balance is $3,150. After 10 years using compound interest the interest earned is $1,212,
the balance is $3,212. Compound interest earned the most interest in the first 4 years
because
The simple interest graph has more money in the first three years than the compound
interest graph and for the rest of the time compound interest has more money than
simple interest. Advantages of simple interest are: you get more money in the short term
but with compound interest you get more money in the long term. Disadvantages of
simple interest are: you get less money in the long term. Disadvantages of compound
interest are: you get less money in the short term. If the investment continued
compound interest would be the best option because you get more money in the long
term.

Conclusion

Task sheet and rubric