You just need to make a completebox and to complete boxes by adding what you know together. By doing this you can get 1120
Answer:
187.68
Step-by-step explanation:
240*.32=76.8
240-76.8=163.2
163.2*.15=24.48
163.2+24.48=187.68
Answer:
the answer is$8
Step-by-step explanation:
20×4%= $0,8
0,8×10=$8
Answer:
Step-by-step explanation:
Solution attached below
Answer:
Principal = $1,000
Rate of interest = 14% = 0.14
Time = 3 years
A = Amount or future value
P = Principal
r = rate of interest in decimals
t = time
Substitute the values in the formula
Future Value is $1481.544
Compound interest = Amount - Principal = $1481.544- $1000 = $481.544
Formula of simple interest :
Substitute the values :
So, Simple interest = $420
Compound interest - Simple interest
= $481.544- $420
= $61.544
So, Compound Interest is $61.544 more than simple interest.