Answer:
J Compound interest; $298.65
Step-by-step explanation:
Interest compounding pays interest on the interest. For the same annual rate, any amount of compounding will earn more interest.
For short time periods, the effect of compounding is not great. In general, it will be a fraction of the equivalent simple interest rate. Here, the effective multiplier for annual compounding is ...
1.051^4 = 1.22024337
and the effective multiplier for simple interest is ...
1 +0.051·4 = 1.204
Then the difference in interest rate multiplier for the 4-year period is ...
1.22024337 -1.204 = 0.01614337
That fraction of the $18500 principal is $298.65.
Compound interest earns $298.65 more than simple interest in this scenario.
Hope this helps, have an amazing day!
Answer:
b = -4
Step-by-step explanation:
Well we already have m which is slope which is -1.
And if we start at (-2,-2) and go down using the slope we get -4 as the y intercept or b.
<em>Thus,</em>
<em>-4 is the y intercept or b.</em>
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<em>Hope this helps :)</em>
Answer:8 lilies and 12 tulips; total of 20 flowers.
Step-by-step explanation:
8 lilies for $3 each equals $24. 12 tulips for $2 each equals $24. Add that together and the total for the bouquet is $48.
Answer:
1/5
Step-by-step explanation:
There are 5 vowels
So i is one