What percent of 12.4 is 12.4

Mathematics

1 answer:

Tpy6a [65]2 years ago

3 0

...I don't really get the question but 12.4 turned into a percent is 1240% lol

You might be interested in

Orlando wants to borrow $3,000 for the purchase of a used car. he has to pay back the loan after 4 years. the two loan options a

gtnhenbr [62]

The amount in simple interest is $3624 and in compound interest is $3674 the difference is of $50. So he should choose Simple interest.

<h3>What is compound and simple interest?</h3>

Simple interest is based on the principal amount of a loan or deposit. In contrast, compound interest is based on the principal amount and the interest that accumulates on it in every period.

Here we have the principle is $3000 for 4 years at the rate of interest of 5.2%. Now we will calculate the total amount by simple interest and compounded annually.

By using Simple interest:-

$\rm SI=\dfrac{P\times T\times R}{100}=\dfrac{3000\times 4\times 5.2}{100}=624$

So the total amount will be =3000+624=$3624

By using the Compound interest formula:

$A=P(1+\dfrac{r}{n})^{nt}$

$A=3000(1+\dfrac{5.2}{1})^{4}$

$A=\$3674$

The difference between the two amounts will be =3764-3624=$50

Hence amount in simple interest is $3624 and in compound interest is $3674 the difference is of $50. So he should choose Simple interest.

To know more about Compound interest Follow

brainly.com/question/24924853

#SPJ1

7 0

1 year ago

A 2-column table has 4 rows. The first column is labeled x with entries negative 4, negative 2, 3, 3. The second column is label

Burka [1]

Answer:

y ≤ –2x + 3

Step-by-step explanation: i got it right on edge 2020

5 0

3 years ago