Answer:
Compound interest is the best.
Step-by-step explanation:
Simple interest is that which is not added to the initial capital once the term of the investment or credit has expired.
Compound interest is that which is added to the initial capital at the end of the investment or credit.
Simple interest:
I= C x i x t
15,000 * 0.05 * 5 = $ 750
Compound interest:
Cf= Ci (1+i)ᵗ
Cf = 15,000 * (1.039)^5 = $ 18,162.22
So, if Cf - Ci = I -> 3,162.22 is the compound interest.
Answer:
8.245*10^6
Step-by-step explanation:
scientific notation is known as c*10^n
c : any number from 1-10
n : the power of base 10
the number in our case between 1 and 10 is 8.245
but then we want to move the decimal 6 spaces to the right, so we multiply that by 10^6
19 x 3 = 57
57 - 9 = 48
Your answer is 19.
Answer:
24%
Step-by-step explanation:
I don't think so because they're different things!
