If you are investing money, would you rather deposit into an account that earns simple interest or compound interest?
2 answers:
Answer:
Compound interest.
Step-by-step explanation:
-In compound interest, your money grows more rapidly as the interest already earned also earns a further interest over time for the term of the investment.
-While in simple interest, only the principal amount invested will earn interest over the investment's term>
#Let's say you invest $100 each in A(earning simple interest) and B(earning compound interest), take the term of both investments to be 5 yrs with both subject to an annual rate of 10%:
-Get the investment amounts in both accounts at the end of 5 yrs:
Hence, you notice that your earn more in compound interest keeping all other conditions similar.
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Answer:
The population of the town at the end of 2017 was 65,550.
Step-by-step explanation:
The population of the town was 60,000 in the beginning of 2016.
In 2016, the total population is increased by 15%.
Therefore the population is increased by 9000 and the population of the town at the end of 2016 was
In 2017, the total population is decreased by 5%.
Therefore the population is decreased by 3450 and the population of the town at the end of 2017 was
Therefore the population of the town at the end of 2017 was 65,550.
Answer:
a' > a
Step-by-step explanation:
A larger value for a will stretch the exponential in the y direction. A larger value for b will stretch it in the x direction.