Originally Posted by

**MatsSundin** I have 2 questions which are stumping me.

1)

Which simple interest rate is equal to the annual continuous interest

rate 8% if a certain amount of money is invested for 4 years?

Im having a problem with this one when it comes to the time of money invested. I cannot seem to incorporate this into my solution.

2)Which is rate would be preferred?

Two credit card companies offer 2 different rates for outstanding balance.

1.75% per month.

5.3% quarterly.

By looking at this question I am leaning towards 5.3% quarterly, but I cannot prove it.

Thanks in advance for any help