Answer:
Compound interest =$14.58
Simple Interest=$14.79
Step-by-step explanation:
Let's assume the interest rate charged on the loan was simple in nature.
-Simple interest is calculated using the formula:

Hence, the simple interest on the loan was $14.79
#If the interest is compound in nature with just one compounding per year:

Hence, the compound interest charged on the loan is $14.58
Answer:
1 whole and 15/100= <em><u>1.15</u></em>
Step-by-step explanation:
The first box is 1 whole, in total there are 100 squares. All u need to do is count the number of squares
Answer:
0.25
Step-by-step explanation:
3/12 = 1/4
1÷4= 0.25
Number 7 you divide 6.48 by 4

so, as you can see above, the common ratio r = 1/2, now, what term is +4 anyway?


so is the 8th term, then, let's find the Sum of the first 8 terms.

![\bf S_8=512\left[ \cfrac{1-\left( \frac{1}{2} \right)^8}{1-\frac{1}{2}} \right]\implies S_8=512\left(\cfrac{1-\frac{1}{256}}{\frac{1}{2}} \right)\implies S_8=512\left(\cfrac{\frac{255}{256}}{\frac{1}{2}} \right)\\\\\\S_8=512\cdot \cfrac{255}{128}\implies S_8=1020](https://tex.z-dn.net/?f=%20%5Cbf%20S_8%3D512%5Cleft%5B%20%5Ccfrac%7B1-%5Cleft%28%20%5Cfrac%7B1%7D%7B2%7D%20%5Cright%29%5E8%7D%7B1-%5Cfrac%7B1%7D%7B2%7D%7D%20%5Cright%5D%5Cimplies%20S_8%3D512%5Cleft%28%5Ccfrac%7B1-%5Cfrac%7B1%7D%7B256%7D%7D%7B%5Cfrac%7B1%7D%7B2%7D%7D%20%20%5Cright%29%5Cimplies%20S_8%3D512%5Cleft%28%5Ccfrac%7B%5Cfrac%7B255%7D%7B256%7D%7D%7B%5Cfrac%7B1%7D%7B2%7D%7D%20%20%5Cright%29%5C%5C%5C%5C%5C%5CS_8%3D512%5Ccdot%20%5Ccfrac%7B255%7D%7B128%7D%5Cimplies%20S_8%3D1020%20)