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iogann1982 [59]
3 years ago
7

describe the difference between simple and compound interest and which type of interest earns money more quickly

Mathematics
1 answer:
vovangra [49]3 years ago
5 0
With simple interest, interest is calculated based on the original deposit only.  The amount of interest earned in 1 year does not affect the amount of interest earned in following years.

With compound interest, interest is "compounded" or added a specific number of times per year.  After the interest is added, the next time it is calculated, the amount is based on the total amount in the account.

For example, if we deposit $100 at 2% compound interest that is compounded yearly, the first year our interest would be 0.02(100) = $2.  Before the interest is calculated the next year, this $2 is added to the account, making it $102.  This is the value we use to calculate the next year's interest:  0.02(102) = $2.04.

Because of this, compound interest grows more quickly.
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A local grocery store decides to offer a free piece of fresh fruit (banana or apple) to all shoppers in the produce department.
xxMikexx [17]

The generalization that can be made from this study is that: Given the choice of a banana or an apple, twice as many shoppers will select an apple.

<h3>How to arrive at the generalization.</h3>

More of the shoppers are said to select an apple from the group of shoppers who are to but either banana or apple.

Those buying an apple are two times the people buying the banana, hence we can conclude that twice as many shoppers would choose the apple over banana.

Read more on probability here: brainly.com/question/24756209

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3 0
2 years ago
Numbers 11-14 pls I’m having a lot of trouble
Ksivusya [100]

The term "closed" in math means that if you take two items from a set, do some operation, then you'll always get another value in the same set (sometimes you may get the same value as used before). For example, adding two whole numbers leads to another whole number. We therefore say "the set of whole numbers is closed under addition". This applies to integers as well because integers are positive and negative whole numbers. So we can say that integers are closed under addition.

Integers are not closed under division. Take two integers like 2 an 5 and divide: 2/5 = 0.4 which is not an integer. Integers don't have decimal parts.

The set of whole numbers is {0,1,2,3,...} and we can subtract the two values 1 and 2 to get 1-2 = -1. The order matters here. Subtracting a larger value from a smaller leads to a negative. The value -1 is not in the set of whole numbers. So we can say that whole numbers is not closed under subtraction

Finally, the set of irrational numbers is closed under addition. Adding any two irrational numbers leads to another irrational number. For instance, pi+sqrt(2) = 3.142 + 1.414 = 4.556; I'm using rounded decimals as approximate values. An irrational number is one where we cannot write it as a fraction of integers. Contrast that with a rational number in which we can write it as a fraction of integers. Example: 10 = 10/1 is a rational number.

6 0
4 years ago
60% of the students at a school walk to school. Work out the percentage of the students who do not walk ​
Shkiper50 [21]

Answer:

40%

Step-by-step explanation:

everything is 100% so you have to

100-60=40

40% of people do not walk to school

3 0
2 years ago
I need some help with my math pls
andreev551 [17]

Answer:

all you need to do break them step by step.

really good mothed understood?

3 0
3 years ago
Read 2 more answers
Find the solution of this system of equations. Separate the x- and y-values with a comma. x - 2y = -23 and x - y = 7
snow_lady [41]
Solve the following system using elimination:
{x - 2 y = -23 | (equation 1)
{x - y = 7 | (equation 2)

Subtract equation 1 from equation 2:
{x - 2 y = -23 | (equation 1)
{0 x+y = 30 | (equation 2)

Add 2 × (equation 2) to equation 1:
{x+0 y = 37 | (equation 1)
{0 x+y = 30 | (equation 2)
Collect results:
Answer:  {x = 37 , y = 30
8 0
3 years ago
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