Answer:
Simple interest is calculated based only on the principal balance, whereas compound interest is calculated based on the principal balance and the accumulated interest from the previous periods. This means compound interest will make the amount owed grow at a much faster rate than simple interest.
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Step-by-step explanation:
Answer:
Step-by-step explanation:
<u>We know that:</u>
- P = 7x + 20 − 2y
- x = 2
- y = 6
<u>Work:</u>
<u>Substituting the given values</u>
<u>Solving</u>
- => P = 14 + 20 - 12
- => P = 22
Hence, the value of P is 22.
The digit 7 is in the tens place
Answer:
the decimal is 0.49 ,you have to move two spaces to the right to get a decimal