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valina [46]
3 years ago
5

Which descriptions about simple interest and yearly compounded interest are true? Check all that apply. Only compound interest h

as an exponent in its formula. Simple interest is earned on principal and interest. Compound interest earns more money than simple interest at the same rate for the same amount of time. Simple interest earns more money than compound interest at the same rate for the same amount of time. Simple interest is only earned on the original principal investment. Only compound interest earns the same interest amount every year. Only simple interest uses time in its formula. Compound interest is earned on principal and interest.
Mathematics
2 answers:
ankoles [38]3 years ago
6 0

Answer:

Only compound interest has an exponent in its formula.

Simple interest is only earned on the original principal investment.

Compound interest is earned on principal and interest.

Step-by-step explanation:

pychu [463]3 years ago
4 0

Answer:

  • Only compound interest has an exponent in its formula.
  • Simple interest is only earned on the original principal investment.
  • Compound interest is earned on principal and interest.

Step-by-step explanation:

The above statements are self-explanatory.

__

The one statement that can be argued is ...

  "Compound interest earns more money than simple interest at the same rate for the same amount of time."

This is true for time periods <em>longer than the initial compounding interval</em>. If interest is compounded annually, the amount of simple interest and compound interest <em>will be the same for the first year</em>. After that, the compound interest account earns more, because interest is paid on interest and principal, not just principal.

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Find the circumference. use 3.14 for π r=2 cm c=? c=π d<br> help please
Helga [31]

Answer:

C = 12.56m

Step-by-step explanation:

circumference is the distance around the outside of a circle. The r stands for radius, half way across, from the center(thats the little line on the diagram) "d" stands for diameter. That would be double the radius, bc its all the way across the circle through the center. The formula to find the CIRCUMFERENCE is given, C=pi × d

They told you to use 3.14 for pi. And also the radius is 2, so the diameter is 4

C = pi × d

C = 3.14 × 4

C = 12.56 meters

5 0
3 years ago
You give 1/2 up a $46,000 salary to go back to school for 5 years. The total cost for going to school is $22,000. How much money
Ket [755]

The individual needs to earn $74,750 salary per year in order to recover the investment in 4 years.

What salary amount makes the individual as they were without a salary cut?

By the time the individual resumes back for work after 5 years, they need to earn their previous salary of $46,000 and recover the lost salaries, which is half of $46,000 lost in the last 5 years.

Total salaries lost=1/2*$46,000*5years

Total salaries lost=$115,000

Because the salaries lost needs to be recovered over 4 years, the extra earnings over and above the $46,000 in 4 years is the total salaries lost divided by 4 years

extra salary per year=$115,000/4

extra salary per year=$28,750

Total salary now=prior salary+ extra salary per year

Total salary now=$46,000+$28,750

Total salary now=$74,750

Find out more about investment payback on:brainly.com/question/23149718

#SPJ1

4 0
1 year ago
A comic book costs $3.99, including tax. It is marked up 45%.
nalin [4]
10% of 3.99=0.399x4=1.596
1% of 3.99=0.0399x5=0.1995
1.596+0.1995=1.7955
1.8(Rounded)+3.99=5.79
7 0
3 years ago
Read 2 more answers
8% as a fraction in simplest form
masha68 [24]

Answer: 2/25

Step-by-step explanation:

8% means 8/100

To reduce to the simplest fraction, divide through with a common factor of 4

Divide numerator by 4 = 2

Divide denominator by 4 = 25

Therefore, 8% = 2/25

I hope this helps.

3 0
3 years ago
How would I categorize numbers? For example, what category would √23 fit into? Thankssss
alexandr1967 [171]

Answer:

  positive, real, irrational, algebraic

Step-by-step explanation:

Numbers are categorized various ways. Some categories include ...

  prime, composite

  real, complex

  integer, rational, irrational

  whole number, natural number

  positive, negative, zero

  algebraic, non-algebraic*

√23 is the positive, real, irrational root of a prime number. It is an algebraic number.

_____

* An algebraic number is a root of a polynomial with integer coefficients.

√23 is a root of x^2 -23 = 0.

4 0
3 years ago
Read 2 more answers
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