Allyson has $500 for an investment. Option A is a savings account with a 5% annual interest rate and no fees. Option B is a stock portfolio with an 8.5% annual interest rate, and it charges a $10 fee at the end of the year.
a) Calculate the interest and total investment after one year if Allyson chooses Option A.
b) Calculate the interest and total investment after one year if she chooses Option B.
c) Which option should Allyson choose? Explain.​