Over time, compound interest at any rate will outperform simple interest. When the rates are nearly equal to start with, compound interest will be greater in very short order. Here, it takes less than 1 year for compound interest to give a larger account balance.
In 30 years, the simple interest will be
... I = P·r·t = 12,000·0.07·30 = 25,200
In 30 years, the compound interest will be
... I = P·(e^(rt) -1) = 12,000·(e^(.068·30) -1) ≈ 80,287.31
_____
6.8% compounded continuously results in more total interest
Answer:
school is a problem
Step-by-step explanation:
Have a great day!!!
Calculate for the mean/ average of the given numbers:
μ = (1 + 2 + 3 + 4 + 5) / 5 = 3
Then, we calculate for the summation of the squares of differences of these numbers from the mean, S
S = (1 - 3)² + (2 - 3)² + (3 - 3)² + (4 - 3)² + (5 - 3)²
S = 10
Divide this summation by the number of items and take the square root of the result to get the standard deviation.
SD = sqrt (10 / 5) = sqrt 2
SD = 1.41
Thus, the standard deviation of the given is equal to 1.41.
Answer:
x= -2
Step-by-step explanation: If you feel skeptical about my answer, then you should plug -2 back into the equation to check if it's correct. And it's correct for me when I did it.
Answer:
2nd choice OC.y=-2x+3
Step-by-step explanation:
The equation for the slope-intercept form is y=mx+b, where m is the slope and b is the y-intercept. With these two numbers both given to us, we can just plug them in and get y=-2x+3.
Hope this helps you
