Amount using compound interest = 2400(1 + 0.034)^5 = 2400(1.034)^5 = 2400(1.1820) = $2,836.70
Amount using simple interest = 2400(1 + 5 x 0.034) = 2400(1 + 0.17) = 2400(1.17) = $2,808
Difference = $2,836.70 - $2,808 = $28.70
Therefore, <span>he will earn $28.70 more interest in 5 years if the interest were compounded annually</span> .
Answer: 0
Step-by-step explanation:
Answer:
Your answer is C.) x2(x – 2) cubic units
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Step-by-step explanation:
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Circumference is found by evaluating C = 2 pi r, where r is the radius of the circle. Here, C = 2 pi (2.4 cm) = 4.8 pi.