Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
Answer:
C. 90
Step-by-step explanation:
mark it brainliest if it helps you ❤️
Answer:
9:52
Step-by-step explanation:
First, let's rewrite "twenty-seven minutes past six", into a standard digital clock form. We could write 6:27. Now, it's easier to see that if we add 3 hours first, we would get to 9:27. And then if we add 25 minutes, we will get to 9:52.
The number of potential customers reached by the company is the total number of people that received their promotional material
First mailing list - 2,500 addresses
Second mailing list - 3,500 addresses
Third mailing list - 4,000 addresses
Total is, 2500 + 3500 + 4000
= 10,000
Therefore, their promotional materials reached 10,000 potential customers.
