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.
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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.
Answer:
72
Step-by-step explanation:
32pi×360/2pi(8)=72
central angle= arc length 360/2pi×r
The answer is 24d^2-62d+35
Given Situation:Joe is a car salesman. He earns 300 for every car he sells plus a 3 percent commission. Joe sells 3 cars in one week for a total of 35,243.Questin: what are his total earnings for the week.First let's solve for the number of cars.=> 1 car = 300 dollars=> 3 cars = 3 * 300 = 900 dollarsNow, let's solve for the percentage of his commision:=> 35 243 dollars = total amount he received for the 3 cars he sold.=> 35 243 dollars * 0.03 = 1 057.29 dollars is the commision.Now, let's add=> 900 + 1 057.29 = 1 957.29 dollars<span>
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