Mom's view is that she loses 50 dollars, but gains back 17.85 dollars as change from her daughter.
Olivia's view is that she gained 50 dollars from her mom, spent 32.15 dollars, then gave back the 17.85 change to her mom, so she didn't gain any money.
Mom's point of view: -$50 + $17.85 and Mom's point of view: -$50 + $17.85 are the correct answers, but technically, Olivia still owes her mom 32.15 dollars.
Answer:
compare (1/2)^3 is greater than (a/b)^2
Step-by-step explanation:
1/2*1/2*1/2= 0.125 or 1/8
1/4 * 1/4=0.0625 or 1/16
Answer:
Simple interest is calculated using initial principle while compound interest is calculated considering the interest also .
Step-by-step explanation:
Interest is the cost of borrowing money, where the borrower pays a fee to the lender for using his money. The interest, typically expressed as a percentage, can either be compounded or simple .
Simple interest is based on the principal amount , while compound interest is based on the principal amount and the interest that adds onto it in every period and the final principle is used for calculating the interest.
Simple interest is calculated on the principal amount of a loan and it's easier to find out than compound interest.
